Blogs

The dollar is lower across the board as sellers build on last week's momentum See here for global coronavirus case data Trump offering more bark than bite on China actions over the Hong Kong issue certainly isn't helping but flow momentum continues to go against the dollar, even as the move last week owed to […]

AUD/USD is up by over 1.3% on the day now See here for global coronavirus case data The march higher for the aussie against the dollar continues as we see AUD/USD climb to a high of 0.6755 currently, gaining by over 1.3% on the day.

Australian dollar technical analysis Credit Suisse discusses AUD/USD technical outlook and highlights the importance of the 0.6706 level for near-term direction.  "AUDUSD saw another concerted effort to break above the pivotal resistance zone composed of the 200-day average, the March high and 78.6% retracement at . Although furth

EUR/USD … some chunky eur amounts here  USD/JPY  GBP/SD See here for global coronavirus case data

Quick preview, the Reserve Bank of Australia policy meeting will result in an on hold cash rate, no change. RBA Governor Lowe has sounded, cautiously, a little more upbeat (upbeat is probably wrong, less downbeat is a better description) in past days and indeed the RBA has not bought bonds for its QE operation since […]

People's Bank of China  Skips OMOs  Unrelated – RBA skips bond buys (QE) again today  1 pt difference from previous … close enough See here for global coronavirus case data

Central bank watch for June The weekend is a perfect time for a quick catch up for where the major central banks are at. The central banks are listed below with their current state of play. The link for each central bank is included under the title of the bank and the next scheduled meeting […]

<p>Australian AiG Performance of Manufacturing Index rose to 41.6 in May, up from 35.8. The manufacturing sector still contracted in the month, but at a slow pace. Production improved by 7.1pts to 42.4. Employment rose 6.4 pts to 40.7. New orders rose just 2.4 to 35.1. However, exports index dropped -11.5 pts to 31.1, hitting […]

<p>Japan PMI Manufacturing is finalized at 38.4 in May, down from April’s 41.9, lowest since March 2009. Markit said production fell at sharper rate as coronavirus disruption continued. New orders plummeted to an extend not seen since the global financial crisis. Suppliers’ delivery times lengthened sharply once again. Joe Hayes,

<p>China’s Caixin PMI Manufacturing rose to 50.7 in May, up from 49.4, back in expansion territory. Markit said that “Supply was generally stronger than demand in the manufacturing sector, as production continued its expansion amid a broader economic rebound while demand had yet to recover. Wang Zhe, Senior Economist at Caixin Ins