Blogs

<p>BoE Governor Andrew Bailey rejects negative interest at a webinar organized by the Financial times. He said, negative rate is “not something we are currently planning for or contemplating”. He added that cutting interest rate below zero would need “an extensive communications exercise” in the UK. It’s a “

<p>Dollar and Yen continue to be the strongest ones for today with help from risk aversion. Global stocks generally show weakness, from Asia to Europe to US futures. Major benchmark treasury yields also decline. The greenback is given another lift as US President Donald trump’s comments. On the other hand, Australian and New Zealand Dol

<p>Yen and Dollar are back in control today as Asian markets turned red, following weakness in the US overnight. Fed Chair Jerome Powell’s comments somewhat disappointed investors. Australian Dollar weakens in general after data showed record contraction in employment. Though, Sterling is the worst one as it stays pressured after yester

<p>USDTRY held in losses for more than a week, dropping marginally below the 20-day simple moving average (SMA). The RSI continues to head lower in bullish area, while the MACD oscillator keeps falling beneath its trigger line, both suggesting a weaker price momentum in the short-term. The price is currenty touching the flat Kijun-sen line an

<p>EURJPY has fully-reversed this week’s gains, pulling back below its simple moving averages (SMA) on the four-hour chart and back into the 115.00 territory. More importantly, the downside correction confirmed another lower high at 116.85, further enhancing the bearish trend which started early this year, and with the RSI falling below its 5

<p>Canada’s manufacturing sales declined 9.2% (m/m) in February. This was the largest single-month decline since the Global Financial Crisis. After stripping out price impacts, the picture was still remarkably weak, with manufacturing shipment volumes down 8.3%. Sales were down in 17 of the 21 major industries. The steep headline declin

<p>Nominal sales down 9.2% from February in March – and 8.3% excluding price impacts Auto sales down 34% Service-sector weakness likely still more pronounced in March Manufacturing sales plunged almost 10% in March as economic data continues to trickle in for the first part of the period most directly impacted by COVID-19 containment me

<p>Notes/Observations Risk aversion simmers as concerns linger about the economic risks from the pandemic and various analysts raised the alarm level regarding equity valuations Asia: Australia Apr Employment Change: -594.3K v -600.0Ke (record decline); Unemployment Rate: 6.2% v 8.3%e (rate really 9.6% ex-people who left the work force) RBA a

<p>The S&P 500 Futures remain on the downside after they dropped for a second session yesterday as investors were discouraged by Federal Reserve Chairman Jerome Powell’s downbeat comments about the economy. Mr. Powell warned of an extended period of weak growth and stagnant incomes due to the coronavirus pandemic. And he said addit

<p>The US dollar has strengthened again relative to a basket of currency majors. The US dollar index (#DX) closed in the negative zone (+0.34%). The US currency has been growing after a speech by Fed Chairman Jerome Powell. The official said that the interest rate is unlikely to be transferred to the negative zone. Powell […]