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The virtual summit will be on August 27 and 28 – note that in your diaries.  For bank trade ideas, check out eFX Plus

People's Bank of China  For bank trade ideas, check out eFX Plus

An early heads up to next week's BoE policy deliberations  Keeping it brief, more to come next week, this via TD: TD say to watch equity market movement for GBP direction:

Westpac are still tipping the Reserve Bank of New Zealand will go to a negative cash rate in 2021 but "concede that we're less certain on that than we were a few weeks ago ".

<p>UK GDP contracted -20.4% mom in April, even worse than expectation of -18.7% mom. That’s the worst level on record. Index of services dropped -19.0% mom. Index of production dropped -20.3% mom. Manufacturing dropped -24.3% mom. Construction dropped -40.1% mom. Agriculture dropped -5.5% mom. In the rolling three months to April, GDP d

<p>Japan Finance Minister Taro Aso told the parliament today that “we’ve succeeded in putting a floor on the economy, which seems to have hit bottom. Looking ahead, “how strong the recovery will be depends not just on domestic conditions but overseas developments.” For now, the conditions surrounding the economy will r

<p>New Zealand BusinessNZ Performance of Manufacturing Index rose to 39.7 in May, up from April’s 25.9. Looking at some details, productions improved notably from 19.1 to 38.4. New orders rose from 16.9 to 40.0. Finalized stocks rose from 37.7 to 41.3. Deliveries rose form 25.2 to 41.1. However, employment edged down from 41.1. to 39.4.

<p>Risk aversion continues in Asian session today with Hong Kong HSI gapped down and hit as long as 23895.03. But the index then recovered as selling eased somewhat, down -1.3% only after morning session. Prior rebound to 25303.77 was a surprise to us but the overall view isn’t changed. Price actions from 21139.26 are seen […]

<p>DOW tumbled sharply overnight by -1861.82 pts or -6.90% to close at 25128.17, near to day low. A short term top was formed at 27580.21 without a doubt. Our preferred view is that rebound from 18213.65 is the second leg of the medium term corrective pattern from 29568.57, which is likely completed. Immediate focus is […]

<p>Risk aversion carries on in Asian session today, after the massive selloff in the US overnight. But selling has some what eased ahead of the weekend. In the currency markets, Yen and Swiss Franc remain the strongest ones for the week, even though both are paring some gains. Dollar and Euro are racing to be […]