Blogs

Nikkei with the heads up on the Bank of Japan  – BOJ considering lowering its economic and price projections  — You'd have to think it strange if the BOJ was not considering doing so? 

Bank of England Governor Bailey media interview – Need to be cautious about lifting the coronavirus lockdown restrictions too early – lifting lockdown and then reapplying the again would damage the economy even more

Bloomberg report Imagine being stuck in junk bonds and then finding out you can unload them on the ECB? See here for global coronavirus case data

Banxico with a cut Rates lowered to 6.00% from 6.50% in unscheduled move. The USD/MXN chart is an interesting one. It blew up in March and has been consolidating around these levels. At some point there's going to be a great trade in MXN because the US's anti-globalization push will take factories from China and […]

Comments from the ECB's Knot: I find it concerning that the language around spending and bailouts doesn't seem to include the reality that the money will need to be paid back one day. Or maybe they know in their bones that .

Comments from the Bank of England chief economist in a podcast There's nothing new here. The pound is on the move though as it falls below 1.2300. See here for global coronavirus case data

<p>In a letter to a European Parliament member, ECB President Christine Lagarde pointed out that the term “helicopter money” has been associated with a wide range of policy proposals. “In many cases, these proposals do not fully address the associated operational, accounting and legal complexities nor provide a comprehensive

<p>UK CPI slowed to 1.5% yoy in March, down from 1.7% yoy, matched expectations. Core CPI slowed to 1.6% yoy, down from 1.7% yoy, also matched expectations. RPI, on the other hand, accelerated to 2.6% yoy, up from 2.5% yoy, beat expectation of 2.3% yoy. Also from UK, PPI input same in at -3.6% mom, […]

<p>DOW gapped down yesterday and eventually closed down -631.56 pts, or -2.67%, at 23018.88. The development raises the chance that corrective rebound from 18213.65 has completed after rejection by 55 day EMA. Immediate focus is back on 22595.06 resistance turned support. Break will add more credence to this case and target next support level

<p>Preliminary readings showed Australia retail sales rose 8.2% in March. That’s the strongest seasonally adjusted rise ever published. ABS said the data indicated “unprecedented demand in March in the Food retailing industry, with strong sales across supermarkets, liquor retailing and other specialised food.” The rise was &