Blogs

A few ICYMI items out of China as the country's economy begins recovery from the impact of coronavirus  China has resumed construction of 90% major infrastructure projects

People's Bank of China onshore yuan mid rate for the trading session ahead.  Skips OMOs today but the PBoC to conduct 5Bln Yuan of CBS Operation on March 25

The price of gold appears to be making a run at the yearly high ($1704) following the reaction to the former-resistance zone around $1450 to $1452.

A tidal wave of cash waits to return to virus-battered assets, backstopped by huge stimulus. It is unlikely to deploy until infection slows, whatever the US administration prefers.

The US Dollar may be at risk as trader positioning warns that the S&P 500 may bounce as markets look forward to fiscal stimulus. USD/CAD could rise if key support holds down the road.

AUD/USD looks poised for a larger recovery as the exchange rate carves a series of higher highs and lows, while the RSI displays a textbook buy signal.

The Euro is at risk in the medium term as US fiscal stimulus bets push the Dow Jones to its best day since 1933. The US Dollar may fall with all eyes on a virus relief bill.

USD/JPY has recaptured much of the ground it lost in March as it takes aim at the February high around 112.22. With stocks rallying, has risk appetite returned and what will it mean for USD/JPY?

Despite a massive 10% rally in the S&P 500 Index, driven by Fed intervention and fiscal stimulus hopes, stocks remain deep in bear market territory as coronavirus fallout raises recession risk.

<p>It’s reported that Senate Democrats and Republicans have finally reached an agreement of the USD 2T economic response package for coronavirus pandemic, after some unexpected jitters. No details were released yet but the package should include assistance to companies, cities and states. There will be checks to most Americans, with loa