Blogs

<p>ECB said Euro remains “unchallenged as second most used currency globally”, after US Dollar. Role of Euro remained “stable” as global reserve currency”. The international role declined after the global financial crisis but has now “bottomed out”. At the end of 2019, Euro accounted for 20.5% of glob

<p>UK and Japan are going to start trade talks today, for a free-trade agreement that would replace the current EU one, after the supposed Brexit date of January 1, 2021. Ahead of of the video conference, UK International Trade Secretary Liz Truss said “We aim to strike a comprehensive free trade agreement that goes further […]

<p>Australia NAB Business Confidence rose to -20 in May, up from April’s -45. Business Conditions rose to -24, up from 34. Looking at some details, trading conditions rose to -14, up from -31. Profitability rose to -19, up form -35. Employment rose just slightly to -31, up from -34. According to Alan Oster, NAB Group […]

<p>New Zealand ANZ Business Confidence rose another 9 pts to -33 in June’s preliminary reading, up from may’s -41.8. Activity outlook rose to -29.1, up from -38.7. Looking at some details, export intentions rose to 17.1, from -32.2. Investment intentions rose to -21.6, up from -31.7. Employment intentions rose to -34.0, from -42.4

<p>In a report, BoE said “increased uncertainty, lower confidence and a tightening in financial and credit conditions can amplify the initial falls in spending and production” due to coronavirus pandemic and the measures taken to contain it. There could be ” longer-lasting ‘scarring’ effects on the economy”

<p>Gold’s correction from 1765.25 extended to as low as 1670.66 last week, and met 100% projection of 1765.25 to 1693.54 from 1745.14 at 1673.5. But there is no clear sign of bottoming yet. Decline from 1765.25 is still seen as correcting the whole rise from 1451.16. Further fall is expected as long as 1721.90 resistance […]

<p>In the hearing at European Parliament’s Committee on Economic and Monetary Affairs, ECB President Christine Lagarde said two main factors called for additional monetary policy announced at the last meet. They are the “deteriorating inflation outlook threatening our medium-term price stability objective and the unwarranted tight

<p>Yen and Swiss Franc rise broadly today as global stock markets look set for a pull back after recent strong run. Major European indices are trading generally in red while US futures point to a lower open. On the other hand, commodity currencies are trading broadly lower, as led by Australian Dollar. Sterling, Euro and […]

<p>Yen surges broadly this week and remains generally firm in Asian session. Pull back in treasury yield is seen as a factor driving the Yen higher. Yet, the lack of selling in Yen despite strong risk appetite, with NASDAQ extending record run, is something to note. it might be an early hint of risk pull […]

<p>The forex markets are rather consolidative today as traders are waiting for the next direction. European and Asian stock display some mild strength but that is far from being impressive. US futures are also mixed as NASDAQ might has a little retreat before deciding to extend the record run. New Zealand and Australian Dollar are […]