The news on the US COVID-19 economic relief measures is all politics right now Pretty much all we have to go on is who sees who coming or going from meeting rooms,. offices.
Blogs
RBNZ QE: proposes to buy NZD250m in New Zealand government bonds
The Reserve Bank of New Zealand kicking off Asia's round of quantitative easing for the session ahead ForexLive
Forexlive Americas FX news report: Go BIG or go HOME.
Forex news for NY trading on March 24, 2020 Go big or go home! That is the motto's for the markets today. Just take a look at some of these numbers for commodities:
Private survey of oil inventory shows a headline draw (vs. build expected)
The official government figures will be published Wednesday morning US time. For now the private survey. ZH with the results: ForexLive
Facebook says its seeing a weakening in its Ad business due to coronavirus
Facebook shares drop on this. Still, what a session! ForexLive
US stocks jump in a monster bounce — Dow gains most since 1933
The Fed and Congress inspire an equity rally Closing changes: It was a great day to buy stocks as the market bets that Congress will come through with some kind of stimulus. There was also some major bargain hunting and short-covering. The four best performers on the S&P 500 were: L Brands, American Airlines, MGM […]
NYC Mayor De Blasio says April will be worse than March for the coronavirus in the city
Mayor of New York City says Trump is wrong. NYC is looking at months not weeks before improvement. Having a reality-based leader in NY at this time is quite helpful.
Here is what’s on the economic calendar in Asia today – BOJ 'Summary'
Once again, the data is not the focus, but for those interested: 2145 GMT New Zealand trade balance for February – expected 525mNZD, prior -340mNZD – exports expected 4.90bNZD, prior 4.73bNZD 2350 GMT Bank of Japan monetary policy meeting 'Summary of Opinions'
USD/JPY likely to peak near-term then decline towards 107 In Q2 – Barclays
USD/JPY up 35 pips to 111.58 today Barclays Research discusses USD/JPY outlook and "J. While extraordinary dollar liquidity demand and US fiscal stimulus expectations could limit the scope for decline in USDJPY, downside risks to the pair is likely to increase over time as the liquidity premium for the dollar normalizes and market focus sh
US stimulus bill includes govt low-interest loans for six months
Bloomberg's Kevin Cirilli reports The stimulus deal isn't going to get done before the close but Congressional officials are hoping to get something done later today.