Australia pursues "wage subsidies" to counter the economic fallout – To commit A$130 billion in over six months to support jobs – To aid businesses with A$1,500 payments per employee Australian prime minister Scott Morrison and treasurer Josh Frydenberg are announcing the measures now in Canberra. They are saying that
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Trade ideas thread – European session 30 March 2020
Daily thread to exchange ideas and to share your thoughts After a bit of rebalancing last week and the dollar seeing funding pressures unwind, it is all fair game once again as we start to look towards April trading.
Cable extends fall to 1% today as dollar keeps firmer
The Fitch ratings downgrade on the UK also isn't helping the pound ForexLive Cable is continuing its trip lower on the day as price backs further away from a test of 1.2500 to fall to 1.2335 currently. European trading flows are kicking in and the weekend with a negative outlook isn't helping the pound.
EUR/USD a little lower as dollar keeps firmer, but buyers defend key support levels
EUR/USD is a little lower today but stays above the 200-day moving average ForexLive The dollar is keeping firmer across the boar to kick start the new week but the technical levels still hint that dollar bulls have more work to do. In the case of EUR/USD, the downside today reached 1.1069 and that tested […]
USD/JPY pares most of its earlier losses, but downside momentum still intact
USD/JPY is back up to 107.85 as US futures see 1% gains on the day now ForexLive The yen is losing ground on the day after a solid run higher as we are seeing the risk mood turn around a little to start European trading. USD/JPY is back up to 107.85 after having been as […]
FX option expiries for Monday March 30 at the 10am NY cut
EUR/USD USD/JPY GBP/SD ForexLive
PBOC rate cut: 7 day reverse repo rate to 2.2% from 2.4%
People's Bank of China injected 50bn yuan in RRs today via open market operations. At that lower rate. Coming up from China tomorrow are official PMI readings for March.
RBNZ Governor Orr says NZ financial system is resilient
Reserve Bank of New Zealand Gov Orr: – NZ financial system is resilient – System has significant capital and liquidity buffers Full link here ForexLive
PBOC sets USD/ CNY reference rate for today at 7.0477 (vs. yesterday at 7.0427)
People's Bank of China – injects 50bn yuan via 7-day reverse repos First RRs in 29 days ForexLive
Singapore's central bank reduces slope of currency band to zero
The Monetary Authority of Singapore adjusts monetary policy for the country through currency control, not via interest rates. – by reducing the slope to zero the MAS does not want the SGD to appreciate MAS says it will adopt a zero percent per annum rate of appreciation of the policy band starting at the prevailing […]