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<p>RBNZ Deputy Governor Geoff Bascand said the central bank will know more about how the coronavirus shock is playing out in three months. And, “we can re-evaluate if we need to do more or take the foot off the pedal a little bit in three months’ time.” He noted that negative interest rates were one […]

<p>Australia’s Bureau of Statistics said today that coronavirus job losses has slowed down between mid-April and early May. Overall between March 14 and May 2, payroll jobs dropped by -7.3% and total wages paid dropped -5.4%. In the week between April 25 and May 2, jobs decreased by -1.1% only while wages even rose 0.9%. […]

<p>In the minutes of May 5 meeting, RBA said the labor market s was expected to have &#8220;ongoing spare capacity&#8221;. Inflation was expected to stay below 2% &#8220;over the following few years. The continue to keep funding costs low and credits available to households and businesses. The &#8220;best course of action&

<p>Fed Chair Jerome Powell will testify to the Congress on coronavirus and CARES act today. In pre-released opening remarks, He reiterated that Fed is “committed to using our full range of tools to support the economy”. Fed’s actions are “only a part of a broader public-sector response”. After lowering interest r

<p>EUR/CHF rebounds strongly in first part of US session, following strong risk-on markets. At this point, we’re not totally certain on the drive behind the sharp move, other than reverse safe-haven flows. And immediate focus in on 1.0611 resistance. Break will complete a double bottom pattern (1.0503, 1.5040). Considering the strength

<p>Dollar and Yen are under much selling pressure today as markets are embracing coronavirus vaccine optimism. Even Gold is hammered down. The breach of 1729.99 minor support suggests temporary topping at 1765.29. More importantly, firstly, bearish divergence condition is seen in 4 hour MACD. Secondly, the thrust out of a triangle consolidati

<p>DOW gaps up on coronavirus vaccine optimism and is currently trading up more than 3.5%, or 800 pts. The development invalidates our bearish view, with head and shoulder neck line and 55 H EMA taken out decisively. Rebound from 18213.65 is likely still in progress. Further rise should be seen back to 24764.77 for the […]

<p>Global investor sentiments are lifted as Moderna reported “positive” data on early-stage coronavirus vaccine trial. 45 study participants received two does of testing vaccine via intramuscular injection in the upper arm approximately 28 days apart. The does contains 25 microgram, 100 mcg or 250 mcg of vaccine, 15 in a group. At

<p>Germany&#8217;s Bundesbank that the extent and speed of post coronavirus pandemic is uncertainty. &#8220;Despite the easing measures that have been introduced, social and economic life in Germany is still far from what was previously considered normal.&#8221; Economic indications like ifo business climate and Gfk consumer confi

<p>ECB chief economic Philip Lane said in an interview by El Pais that “the speed at which the economy bounces back will then hinge on whether consumers are more reluctant to consume and businesses hold back on investment.” “From today’s perspective, it looks in any case unlikely that economic activity will return to i