Blogs

Fitch says China economic activity is to remain weak in 1H 2020 – Projects China's fiscal deficit to rise to 8% of GDP this year (2019 was 5.8%) – Says that much of China's coronavirus policy response is still pending ForexLive

Not exactly a headline you'd like to see during this time ForexLive

Daily thread to exchange ideas and to share your thoughts Most parts of Europe and the US will still be trading tomorrow, but liquidity conditions should be thinner with the likes of Australia, New Zealand, Hong Kong, London, and Canada set to be closed with some parts of Europe also observing a break on Monday.

Germany reports its highest daily jump for cases in four days ForexLive The bad news is that the death count is starting to increase and that the case loads also show that it still may take some time before any further flattening/moderation.

Forex news for Asia trading Thursday 9 April 2020 There was little in the data and news flow during the day here to take markets by surprise, which also helped to keep ranges in check. Also, too, there are plenty of big events to come during the Europe/UK/US sessions ahead and the long weekend holiday.

Japan's national government is dithering on extending the state of emergency to the prefecture Its Governor, though, says he will call the prefecture's own state of emergency tomorrow

No prizes for guessing what the focus is. In summary from NZ: In a rapidly changing environment, it is difficult to gauge the magnitude of the implications for economic activity. However, it is clear that GDP, household spending, business investment and services exports have declined sharply. How quickly economic activity returns to previous levels

Separately announced. Hyundai to suspend production at its Alabama (USA) plant – Yamaha motor suspension of some of its Japan prodctuion ForexLive

This comes with Prime Minister Boris Johnson spending his third night in intensive care. Foreign Secretary Dominic Raab will chair a Cobra emergency committee on Thursday

PM Lee says there are still too many public gatherings Recent background to this is: – Singapore initially dramatically slowed the outbreak – but there has been recent rises in locally transmitted cases  New lock down measures were announced Tuesday this week, for a month.