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Reserve Bank of New Zealand Assistant Governor Christian Hawkesby on the wires already to kick off the week – Bank continues to monitor market developments very closely RBNZ is deploying another tool 

<p>Swiss KOF Economic Barometer dropped to 92.9 in March, down from 101.8. KOF said, “the Swiss economy can be expected to see a marked decline in growth rates in the near future. This plunge of the Barometer reflects the first economic consequences of the accelerated spread of the Coronavirus.” The reading was “about as low

<p>China’s central bank PBoC lowered interest rate on 7-day reverse repo by -20bps to 2.20% today to inject CNY 50B into the banking system. That’s firstly an unscheduled announcement, and secondly, the largest cut since 2015. Thirdly, the 7-day reverse rate is now its lowest on record. The cut signals that PBOC has entered “

<p>Australian Prime Minister Scott Morrison announced an unprecedented &#8220;AUD 1500 per fortnight job keeper allowance&#8221; to safeguards jobs during the coronavirus pandemic. As much as AUD 130B would be spent over six month. &#8220;Our job keeper plan sees every Australian worker the same, no matter what you earn,&#8221

<p>US President Donald Trump announced to extend the stay-at-home guidelines until the end of April, abandoning the target to have American return to normal life from coronavirus pandemic by Easter. He also warned, “the peak, the highest point of death rate, is likely to hit in two weeks.” He hoped the country would reach “t

<p>RBNZ said it is ramping support for businesses and banks by accepting corporate debt and other assets as security for loans to banks. The aim is to “pump more money into the economy through the banking system. ” Assistance Governor Christian Hawkesby said, “by banking the banks, we are ensuring large businesses can better

<p>BoJ indicated in a statement today that it’s ready to relax some requirements for financial institutions to participate in its market operations. It firstly reiterated that institutions are subject to “capital buffer and liquidity cover ratio (LCR) requirements”. However, “Even if a financial institution does not sa

<p>Asian markets open the week generally lower as there is no sign of even a slowdown in coronavirus pandemic. The US has also given up hope for returning to normal by Easter. Yen strengthens generally, followed by Dollar. Meanwhile, Sterling and Euro are giving up some gains. Movements in the currency markets are so far […]

<p>Pivot (invalidation): 107.90 Our preference Short positions below 107.90 with targets at 107.00 & 106.50 in extension. Alternative scenario Above 107.90 look for further upside with 108.45 & 109.05 as targets. Comment A break below 107.00 would trigger a drop towards 106.50.</p> <p>The post <a rel="nofollow&qu

<p>Pivot (invalidation): 1.2475 Our preference Short positions below 1.2475 with targets at 1.2290 & 1.2205 in extension. Alternative scenario Above 1.2475 look for further upside with 1.2560 & 1.2620 as targets. Comment The RSI calls for a new downleg.</p> <p>The post <a rel="nofollow" href="https://ww