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US futures now up by over 4% on the day ForexLive Meanwhile, Asian stocks are also surging higher into the closing stages with the Hang Seng up by over 4.5% while the Shanghai Composite is up by just over 2% currently.

Daily thread to exchange ideas and to share your thoughts The central bank unveiled unprecedented measures to backstop the US economy and that is keeping risky assets in a good mood today while the greenback is softer as open-ended/unlimited QE marks down the dollar.

Asian equities rise after Fed launches unlimited QE overnight ForexLive The Hang Seng is up by 3.8% while the Shanghai Composite is up by 1.1% on the day, as US futures are keeping over 3% gains for the time being after a bit of a subdued reaction to the events from overnight trading.

Latest data released by the Japanese Machine Tool Builders' Association here The reading measures the change in total value of new orders placed with Japanese machine tool manufacturers.

Reuters reports, citing multiple sources on the matter I would say don't hold your breath for anything significant to come from this. The G20 virtual meeting between finance ministers and central bankers yesterday was a prime example of that, showing the world how to make a non-statement within a statement:

The firm says that the weakness in the dollar may continue in the near-term "The Fed pulling out all the stops by removing the quantitative cap on QE is a start to a weaker USD and firmer currencies elsewhere. Improved risk appetite due to the Fed as well as hopes of US fiscal stimulus coming […]

Latest data released by the Japanese Cabinet Office – 6 March 2020 – Coincident index 95.2 vs 94.7 ForexLive Slight delay in the release by the source. The preliminary release can be found . Not much change to the initial release as sentiment weakens to start the year, and this is even before the virus […]

The Hubei province and Wuhan is starting to open up ForexLive This is a positive sign for China and also for the world, in showing that there is light at the end of the tunnel and that lockdown/containment measures do work.

We all know it is going to be bad, but just how bad? The dollar has seen a mixed reaction since and it looks like gold is now starting to come out of the shadows and into the spotlight instead. US stocks ended the day poorly still but the mood today is more optimistic with […]

Comments by a Japanese senior LDP official on the matter – Stimulus package should include measures that give direct boost to consumption – Supplementary budget must be compiled in time ForexLive