Blogs

<p>Key insights from the week that was. This week, the RBA Governor spoke on Australia’s economic exposure to COVID-19 and the outlook. Preliminary reads on key economic data were subsequently released by the ABS. Westpac Chief Economist Bill Evans detailed the key messages found in both the April RBA Board meeting minutes and Governor Lowe’s

<p>U.S. Highlights Markets were volatile this week as oil prices plummeted to negative territory for the first time ever. The combination of weak demand and a lack of near-term storage capacity contributed to this strange result. COVID-19 and measures to contain it have hit housing activity, with existing home sales falling sharply in March,

<p>End of month flows will dominate through Thursday; We also get end of month data, including Q1 GDP Last week opened with a tremendous capitulation in the oil markets and it has yet to fully recover.  The March WTI Crude Oil contract traded below -$40.00.  It expired nearly worthless a day later.  Owners of the […]

<p>If traders are weary of buying XAU/USD near recent highs, a better setup may be in XAG/USD! When most people think of a beautiful, shiny metal, usually the first one to come to mind is Gold.  The same can be said for when people are trading Gold.  There are plenty of sayings about gold in […]

<p>Global equities and the US dollar appear to be approaching a possible turning point with the stimulus trade.  Global equities have been widely supported by unprecedented stimulus from central banks and governments, but that seems to be losing some of its firepower, while the steady demand for US Treasuries has buoyed the dollar.  The next

<p>USDJPY is in a three-wave corrective reversal, after the intial five-wave rise at the beginning of March. We know that once an impulse fully develops (in this instance wave A), that is when a contra-trend reaction may follow (wave B). At the moment we see price still choppy and sideways, ideally unfolding a triangle consolidation […

<p>The cross is holding within narrow range around magnetic converged 10/55/200DMA’s and Fibo 61.8% of 0.8281/0.9498 (0.8738/46) on Friday. Near-term action shows indecision after two-day fall resulted in marginal close below abovementioned pivotal supports but failed to extend weakness. Daily MA’s are in mixed setup, RSI is flat,

<p>Oil prices traded negative for the first time ever this week, as physical space to store the liquid has almost run out amidst an oversupply of epic proportions. In the near term, there’s little that can save oil prices, and we might even see a repeat of the oil-crash movie in mid-May as storage space […]

<p>At first glance, the ECB meeting next week is not expected to bring new policy measures after the host of measures taken by the ECB over the past six weeks, notably the PEPP programme of EUR750bn, collateral easing and abundant liquidity. However, new policy responses cannot be ruled out as the ECB seems to be […]

<p>Bank of Japan’s policy meeting will kick off on Monday, but it will not be a usual two-day gathering this time as policymakers are expected to reach their decision the same day. While under other circumstances, such an adjustment would signal an eventful meeting, the current virus situation may pressure the central bank for additional [&he