Blogs

<p>US-China tension continues to be a major theme today, driving global stocks and US futures down. Developments are happening on many fronts. There will be proposed law changes to allow private entities to sue China for coronavirus damages. Investment of federal retirement funds in Chinese stocks could be blocked. President Donald Trump migh

<p>Yen and Dollar trade generally higher in Asian session today. Trading is relatively subdued with Japan and China on holiday. Yet, the theme of US-China tension drives some risk-off moves. May didn’t start well as investors seemed to be rushing to reverse April’s risk-on moves. As for today, New Zealand Dollar is currently the w

<p>We expect BOE to leave both the policy rate and other liquidity expansion measures unchanged this week. Despite government’s plan to ease lockdown measures amidst stabilization of coronavirus cases, the process will be gradual. Meanwhile, social distancing measures will remain for an extended period of time. These suggest that it will be a

<p>RBA is widely expected to leave the cash rate unchanged at 0.25% on the May 5 meeting. It will also keep other stimulus measures, including targeting 3-year bond yield, term funding facility operation and QE, announced in March the same. The members will, however, markedly revise lower economic projections. In March, RBA lowered the policy

<p>US 500 stock index (Cash) is inactive at the 2,789 level, that being the 50.0% Fibonacci retracement of the down leg from the all-time high of 3,396.64 till the 2,183.95 low. The price appears stuck between the lower Bollinger band of 2,767 and the 100-period simple moving average (SMA) at 2,827. Turning to the short-term […]

<p>The S&P 500 Futures remain on the downside after they slid for a second session on Friday, pressured by lower share prices of technology giants. Also, U.S. President Donald Trump said on a Fox News interview that China “made a horrible mistake” which caused the coronavirus pandemic, and that “they tried to cover it&#

<p>As the new week begins, there is not much appetite for risk taking following the big falls at the back end of last week with equities and oil prices down and gold up. The markets had bounced sharply in April as the spread of coronavirus infections slowed down which raised optimism surrounding the gradual reopening […]

<p>Tomorrow during the Asian session, we get from Australia, RBA’s interest rate decision and the bank is expected to remain on hold at +0.25%. Currently AUD OIS imply a probability of 89.42% for such a scenario, also expecting the bank to maintain rates unchanged throughout the year as rates are allready at record lows. Should [&hellip

<p>Stock markets are starting the week in the red with much of Europe heavily so, as many indices trade for the first time since Thursday as a result of the Friday bank holiday. The FTSE 100 took a hammering on Friday while many of the bourses were closed which is why it’s not coming under […]

<p>Notes/Observations Risk aversion sentiment percolating as Trump officials said to weigh punishing China over coronavirus (including tariffs) Euro Area Apr Manufacturing PMI slump with France, Euro Zone, Italy at record lows; Germany and Spain at 10-year lows Asia: Both China and Japan markets closed for Golden Week holidays (reopen mid-wee