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<p>UK unemployment rate was unchanged 3.9% in the three months to April, much better than expectation of a surge to 4.5%. Average earnings including bonus rose 3.0% 3moy, sharply lower from April’s 2.3%, missed expectation of 1.3%. Average earnings excluding bonus rose 1.7% 3moy, down from 2.7%, missed expectation of 1.8%. In May, claim

<p>BoJ kept monetary policy unchanged today as widely expected. Under yield curve control, short term policy rate is kept at -0.1%. BOJ will also continue to purchase a “necessary amount”, “without setting an upper limit”, to to keep 10-year JGB yields at around 0%. The decision was made by 8-1 vote, With Goushi Kataok

<p>Minutes of June 2 RBA board meeting noted that while Australian economy was experiencing the “biggest economic contraction since the 1930s”, the downturn would be “shallower than earlier expected”. Though, outlook remained “highly uncertain” and the pandemic was “likely to have long-lasting effects

<p>Risk sentiments staged a strong rebound overnight after Fed announced to expand the so called Second Market Corporate Credit Facility. Fed will starting buying a “broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers.” The SMCCF will crease a portfolio

<p>Dollar turns mixed in early US session as selloff turns to Euro today. New Zealand Dollar is the second weakest as the country’s coronavirus -free days ended. Yen, Dollar and Swiss Fran are not performing well, though, as markets remains in strong risk-on mode. On the other hand, Sterling is currently the strongest ones, followed [&h

<p>Sentiments took another U-turn as Fed did the trick again, with expansion of its asset purchases. Asia markets surge broadly, following the strong rebound in US overnight. Dollar, Yen and Swiss Franc are back under pressure. But New Zealand Dollar is the worst performing one for today so far, driven by re-emergency of coronavirus cases [&h

<p>Although there are signs that the coronavirus outbreak in the UK is stabilizing, its economic impact has just been emerged. Record contraction in GDP, sharp slowdown in inflation and weak employment indicators suggest that the BOE would have to maintain a very expansionary monetary policy stance. Together with lukewarm development in trade

<p>As Britain faces its worst recession in 300 years, the Bank of England will be hoping to use its two-day policy meeting on June 17-18 to inject another dose of stimulus into the ailing UK economy. After the bigger-than-expected plunge in GDP in April, the Bank is almost certain to announce a large increase in […]

<p>The Swiss National Bank (SNB) will conclude its policy meeting at 07:30 GMT Thursday, and strangely enough, markets are pricing a 50% chance for a small rate cut. While some more stimulus would make sense, the SNB only has one ‘rate bullet’ left in the chamber so it might prefer to save it for a […]

<p>The Euro fell in early US trading on Tuesday after massive US retail sales surprise (May 17.7% vs Apr -14.7 and 8.0% f/c) inflated dollar. Significantly better than expected data sideline expectations for Fed introducing negative interest rates that would further boost the greenback, as markets expect fresh signals from Fed’s Powell