Have we reached the limit? Equity bulls couldn't have scripted the FOMC any better yesterday. The pace of QE was higher than expected and this may have been the most-dovish phrase uttered in the history of central banking:
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How does QE impact commercial banks rates?
Impact of QE Looking to learn more about QE? to learn more.
How to use Repo operations in our trading
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US initial jobless claims dropped to 1.54m, continuing claims dropped to 20.9m
<p>US initial jobless claims dropped -355k to 1542k in the week ending June 6. Four-week moving average of initial claims dropped -286k to 2002k. Continuing claims dropped -339k to 20929k in the week ending May 30. Four-week moving average of continuing claims dropped -405k to 21988k. Full release here. US PPI came in at 0.4% […]
ECB Lane: PEPP has proven to be particular effect in current state of uncertainty
<p>ECB Chief Economist Philip Lane told Il Sole 24 that the central bank “will do everything it can to ensure the current crisis won’t be made worse by a credit crunch.” For now, the asset purchases under the Pandemic Emergency Purchase programme “has proven to be particularly effective in the current state of uncertai
BoJ watching developments in Hong Kong and Asia financial markets
<p>BoJ Governor Haruhiko Kuroda reiterated the central bank’s pledge to take all necessary steps to support the economy. He said, “given the uncertainty over outlook on coronavirus pandemic, government and BO need to take all means available flexibly.” On the financial markets, he stressed that “Hong Kong dollar’
Markets Back in Risk Aversion on Fear of Coronavirus Second Wave
<p>The financial markets are suddenly in deep risk aversion today, particular on fear of a second wave of coronavirus pandemic. A John Hopkins Center senior scholar has already warned that “there is a new wave coming in” parts of the US. In the currency markets, Australian Dollar is trading as the weakest one, leading other [&hell
Copper Futures Give Up Some Gains; Positive Picture Stands
<p>Copper futures retreated slightly from their freshly plotted four-and-a-half month high of 2.6959. Confirming the bullish sentiment that has mostly controlled the ascent from the 45-month low of 1.9684 are the rising Ichimoku lines. Additionally, the improving 50-day simple moving average (SMA) is endorsing forthcoming advances. The short-
GBP/JPY Outlook: Steep Fall Extends on Rising Safe-Haven Demand
<p>The cross holds firmly in red for the fourth day and is down 2.8% from Monday’s opening until now and is on track for the biggest weekly fall since last week of February. Fresh exodus into safe havens was boosted by Fed’s outlook which suggest long recovery and interest rates to stay at record lows […]