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The SoMP is issued quarterly  – The Statement sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published.  What that all means is the SoMP contains up

Philadelphia Federal Reserve Bank President Patrick Harker speech Headlines via Reuters  See here for global coronavirus case data

The price moving closer to the $10,000 level There our reports that legendary hedge fund manager Paul Tudor Jones is buying bitcoin as a hedge.

<p>Canada employment dropped -1993.7k in April, with -1472k loss in full time jobs and -552k loss in part time jobs. Unemployment rate surged to 13.0%, second only to 13.1% observed back in December 1982. Full release here.</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/293635-c

<p>US non-farm payroll employment dropped by -20.5m in April. The over-the-month decline is that largest on record since 1939. Employment dropped to the lowest level since February 2011. Unemployment rate surged to 14.7%. This is the highest rate and largest over-the month increase in history of the series started back in January 1948. Labor

<p>According to a flash survey of the German Chamber of Commerce and Industry DIHK, 60% of companies continue to suffer from lower demand during coronavirus crisis. 43% are experience cancelled orders. Investments are also cut back by more than a third. 80% expect a decline in sales for the whole year. One in four even […]

<p>As confirmed by a statement of US Trade Representative, Ambassador Robert Lighthizer, Treasury Secretary Steven Mnuchin held a phone call with Chinese Vice Premier Liu He today. Economic and trades issues were discussed, including the Phase One trade agreement between US and China. The statement noted: “Both sides agreed that good pr

<p>In the statement of monetary policy, “the Board will not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3 per cent target band”. Additionally, “the Board is committed to do what it can to support jobs, incomes and busin

<p>Dollar was sold off notably overnight, as stays pressured in Asian session, on talks that Fed might go into negative rates next year, despite objections by some policymakers. Fed fund futures are seeing a one-in-three chance of negative rates next year. Eurodollar options also cover rate at as low as -45bps by mid-2021. At the […]

<p>Economic data from the US shows the sharpest labor downturn in history due to coronavirus pandemic. Yet, the financial markets have little reactions to the terrible data. US futures are pointing to higher open while European indices are in black. Investors are somewhat relieved by a formal statement by US Trade Representative regarding the