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<p>UK CBI realized sales rose slightly to -50 in May, up from -55. That data suggested retail sales volumes continued to fall sharply, even at a slightly slower pace”. Also, the slightly easing of decline was largely driven by a return to growth in the grocery sector (up from -27 to 16). Rain Newton-Smith, CBI […]

<p>BoE Chief Economist Andy Haldane said the central banks is only in the “review phase” regarding negative interest rates. And they don’t rule out any options “as a matter of principle”. He emphasized that “to be clear, reviewing and doing are different things and currently we are in the review phase and h

<p>AUD/JPY’s rally from 59.89 resumes today as hits as high as 71.38 so far. The development now suggests that 59.89 is a medium term bottom. Rebound from there is at least corrective whole down trend from 90.29, with possibility of corrective that from 105.42, or even a trend reversal. Near term outlook will now stay […]

<p>German Gfk consumer sentiment for June rose to -18.9, up from -23.1. Economic expectations improved to -10.4, up from -21.4. Income expectations rose to -5.7, up from -19.3. &#8220;The gradual opening of many businesses has certainly contributed to the propensity to consume not having to take any further hits, and increases even slight

<p>PBoC Governor Yi Gang said the Chinese central back will continue with the current targeted easing, even though domestic economy is improving. The targeted measures will ensure sufficient liquidity, lower borrowing costs and provided cheap credits. The measures have been working well and PBoC is planning to make the policy more precise. Yi

<p>In the Semiannual Report on Currency and Monetary Control, BoJ Governor Haruhiko Kuroda said the “powerful monetary easing measures” will support economic and financial activities, together with the government’s coronavirus measures. He also reiterated the pledge to monitor the coronavirus impacts and BoJ “will not

<p>BoC Governor Stephen Poloz delivered his final speech yesterday, before stepping down next week. He noted that the “dominant concerns” for the coronavirus crisis response was “was with the downside risk and the possibility that deflation could emerge.” “Deflation interacts horribly with existing debt, the two

<p>ECB Governor Council member Francois Villeroy de Galhau hinted that the central bank might boost the EUR 750B Pandemic Emergency Purchase Program ahead. “It is in the name of our mandate that we will very probably need to go even further”, he said in a conference in Pari. “It is its very flexibility that should […]

<p>Risk appetite is back driving the global financial markets, after biotech company Novavax said it has started phase 1 human trials of coronavirus vaccine candidate. DOW future points to a breakout from recent rally for rally resumption. Dollar, Yen and Swiss Franc are decisively sold off across the board. New Zealand Dollar is leading Aust

<p>Asian markets strengthen generally as investors put Hong Kong tensions behind for the moment. Sentiments are also somewhat lifted as PBoC pledged to continue with targeted easing measures. Commodity currencies are generally higher as led by New Zealand Dollar for now. Yen and Dollar are the weakest ones, followed by Swiss Franc. Some more