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Bank of Canada Governor Poloz speech more to come   See here for global coronavirus case data

<p>In ECB’s bulletin published two, three scenarios of the economic impact of coronavirus pandemic are presented. In the severe scenario, GDP contraction could trough by -15% in Q2. Foreign demand could contract -19% this year, without returning to pre 2019 level until end of 2022. In the mild scenario, strict lockdown is relatively sho

<p>UK PMI Manufacturing was finalized at 32.6 in April, down from March’s 47.8. Markit said that “manufacturing production, new orders and employment all contracted at the fastest rates in the 28-year survey history”. Also, the coronavirus pandemic “hit overseas demand, leading to a series-record drop in new export bus

<p>Australia AiG Performance of Manufacturing Index dropped sharply by -17.9 pts to 35.8 in April. That’s the largest monthly decline on record, and suggests that manufacturing contracted at its worst pace since April 2009. The sharp positive spike in March was more than reversed “as the unusual surge in demand for manufactured fo

<p>In the minutes of BoJ’s March 16 meeting, members agreed there had been “significant uncertainties” over the coronavirus outbreak, “over the size and the persistence” of the economic impact. One member warned that the impact could be “significant and not just temporary”. One member said the downtur

<p>Japan PMI Manufacturing was finalized at 41.9 in April, down from March’s 44.8, hitting an eleven-year low. Markit said plummeting demand led to further sharp production cutbacks. Supply chain disruptions intensified as coronavirus pandemic continued. Manufacturing employment fell at strongest rate since mid-2009. Joe Hayes, Economis

<p>Released from Japan, Tokyo all-items CPI slowed to 0.2% in April, down from 0.4% yoy. Core CPI (all items less fresh food) turned negative to -0.1% yoy, down from 0.4% yoy. Core-Core CPI (all items less fresh food and energy) dropped to 0.2% yoy, down from 0.7% yoy. The capital city reported first decline in […]

<p>Australian Dollar is leading commodity currencies broadly lower in Asian session today, as markets seem to be rushing to reverse April’s moves. Euro has somewhat taken the lead overnight, pulling Swiss Franc higher too, after initial reactions to non-eventful ECB. Yen is also trading generally lower in relatively quiet markets. With

<p>Meta: EUR/USD is breaking the counter trend resistance lines for a potential bullish reversal. The bullish breakout could confirm a wave C (purple). Dear traders, the EUR/USD is breaking the counter trend resistance lines (dotted red) for a potential bullish reversal. The bullish breakout could confirm a wave C (purple). The EUR/USD needs

<p>Sentiment has taken a bit of a knock at the end of the trading week, as many stock exchanges around the world close is observance of Labor Day. It’s been a very strange week in all honest. We rallied early on ahead of some huge earnings results and central bank meetings, as investors swerved the […]