Blogs

Coming up today, 5 May 2020 ,Germany's constitutional court (in Karlsruhe) will announce its decision on whether the ECB's public sector purchase QE program is legal under German law.

Reserve Bank of Australia announcement and Governor Lowe's accompanying statement is due Tuesday 05 May 2020  – at 0430GMT  Earlier previews are here:

<p>Bundesbank President Jens Weidmann said a rapid and strong economic recovery is unlikely for Germany, as coronavirus measures are likely to remain in place for a long time. Though, he still expect a sustained recovery once the pandemic is totally over. As for fiscal stimulus, Weidmann said it’s not the time for them yet as […]

<p>UK PMI Services was finalized at 13.4 in April, down from March’s 34.6. The data indicated a contraction in the service sector activity on an unprecendented scale since survey started in July 1996. PMI Composite was finalized at 13.8, down from March’s 36.0. That’s by far the lowest recorded since the series began in 1998

<p>Swiss SECO consumer climate dropped to -39 in Q2, down from -9. That’s well below the lowest level seen in the 2008-2009 financial and economic crisis. The only other time consumer sentiment values have been this low was in the early 1990s in the wake of the real estate crisis, when the Swiss economy suffered […]

<p>RBA left monetary policy unchanged today as widely expected. The cash rate is held at 0.25%. The bank &#8220;will not increase the cash rate target until progress is being made towards&#8221; the dual mandate of full employment and inflation target. Target for 3-year government bond yield is also kept at 0.25%. Global financial mar

<p>Australia AiG Performance on Construction Index dropped to 21.6 in April, down from 37.9. That was the lowest result on record and the -16.3 decline was the largest record single-month fall too. AiG said, “activity, new orders, employment and average wages all fell to their lowest levels on record… Capacity utilised across the

<p>US Treasury announced to raise near USD 3 trillion in Q2 with privately held net marketable debt to fund the measures to counter the coronavirus economic impact. The Q2 sum alone is more than five times the amount raised during the 2008 financial crisis, and more than double the borrowed in 2019. The Treasury said in […]

<p>Australian Dollar strengthen mildly today following recovery in the stock markets. It remains steady after RBA left monetary policy unchanged as widely expected. Rally in oil price, with WTI crude oil up 6.5% at 21.7, is helping sentiments in general, as well as the Canadian Dollar. On the other hand, Dollar turns soft, followed by [&helli

<p>GBPUSD is trading around the vicinity of 1.2462, that being the 50.0% Fibonacci retracement of the down leg from 1.3514 to 1.1410 and where the mid-Bollinger band currently lies. The pair failed on a second attempt to breach the overpowering flattened 200-day simple moving average (SMA), which has imprisoned the price for nearly a month [&