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<p>U.S. Highlights Another eventful week for financial markets as they digested the news that Congress had agreed to a giant $2 trillion relief bill. Stimulus is sorely needed, with more than three million Americans filing for unemployment insurance benefits last week. The unemployment rate is expected to hit double-digits in the coming month

<p>The week past has seen eye-popping layoff numbers in both Canada and the US with reports that almost a million jobless claims were filed last week alone in Canada, and 3.3 million in the US. These were unprecedented increases, and set up for similarly unprecedented jumps in unemployment in both countries. In the United States, […]

<p>We have been seeing moves of 2%, 5% and even 10% in trading products across the board as volatility picks up amid the spread of the coronavirus.  The Fed went “All In” early in the week to continue to help keep the US economy afloat.  Other Central Banks such as the BOE and BOC also […]

<p>Yet another Central Bank holds an emergency meeting and cuts interest rates.  It seems like it was only a matter of time before the Bank of Canada (BoC) made another inter-meeting move and cut rates by 50bps from 0.75% to 0.25%, falling in line with other major central banks around the globe.  This decision followed […]

<p>The global crisis from the coronavirus pandemic has produced much turmoil in financial markets even though economic data on the impact has so far been scarce. That is about to change as March figures start rolling in. Given the extent of the market fallout, investors may already be expecting the worst. That’s not to say, […]

<p>This week has seen mixed news on the coronavirus outbreak front. On the positive side, Italy seems to have passed the peak in cases of new infections, as the national lockdown seems to have had the desired effect. In Germany and France, the growth rate of new coronavirus cases is also coming down. In contrast, […]

The Australian Dollar could fall given a dovish RBA after disappointing first-quarter inflation data. But, further gains in the Dow Jones could signal support for the sentiment-linked AUD.

<p>Key insights from the week that was. This week, historic negative economic outcomes were seen in both Europe and the US. Financial markets instead focused on the wave of stimulus announced, particularly in the US. Of the data released, the first focus for markets was the Markit PMI’s for key developed nations. Whereas the shock […]

<p>The Bank of Canada cut its policy interest rate a further 50 basis points, to 0.25% (from 0.75%), in another inter-meeting cut. The level of the policy interest rate is now back to the lows reached in the Global Financial Crisis. Notably, the statement accompanying the decision referred to 0.25% as the ‘effective lower bound’ [

<p>AUDJPY fell aggressively in recent weeks to touch an 11-year low of 59.85, where the pair found fresh buy orders and subsequently rebounded. That said, the price structure on the daily chart still points to a broader downtrend, something reinforced by the ‘death cross’ of the 50-day simple moving average (SMA) below the 200-day one. [&hell