Blogs

Canadian Dollar plunged 11.7% YTD vs US Dollar with USD/CAD testing key resistance near five-year highs. Here are the trade levels that matter on the technical charts.

It's been a brutal past month across risk markets. But the sell-off in the Nasdaq 100 has, so far, been tame by comparison. Will Congress deliver on hopes for a fiscal stimulus package?

The Dow Jones may lag the S&P 500 and Nasdaq 100 as one of its main components falls under immense pressure. Consequently, the DJIA has broken beneath levels the other two indices have not.

<p>Gold’s break of 55 day EMA now suggests that fall from 1703.28 has completed at 1451.16. Notable support was seen from 55 week EMA and above 1445.59 structural level. Nevertheless, such decline is just seen as the third leg of a medium term corrective pattern, to the whole rise from 1160.17. Therefore, while further rebound […

<p>Australia CBA PMI Manufacturing was very steady in March, just dropped -0.1 to 50.1. PMI Services, however, tumbled sharply from 49.0 to 39.8. Hence, PMI Composite dropped from 49.0 to 40.7. CBA Chief Economist, Michael Blythe said: “The sharp deterioration in PMI readings during March underline the increasing impact of the coronavir

<p>Japan PMI Manufacturing dropped to 44.8 in March, down fro 47.8. That’s the lowest level since April 2019. PMI Services dropped sharply to 32.7, down from 46.8. That’s the lowest level since the start of the survey in September 2007. PMI Composite dropped to 35.8, down from 47.0, lowest since April 2011. Joe Hayes, Economist [&

<p>Japan Finance Minister Taro Aso warned that the Financial Services Agency will strengthen monitoring against improper trading activity at the current time of heightened market volatility. In particular, the FSA will with with securities watchdog and stock exchanges to monitor fraudulent activities in market operations. He also made a rare

<p>While Fed’s QE infinity gave no apparent boost to US stocks, Asian markets are responding rather positively. Strong gains are seen in major indices. Dollar has turned broadly weak, followed by Swiss Franc, Yen and Euro. Australian Dollar is leading commodity currencies higher. Gold also ride on greenback’s pull back too. Techni

But at least the operations are helping to ease the funding squeeze ForexLive On the one hand, this shows that it will take some time for dollar funding pressures to ease – if it even does – but at least the swap lines and funding operations like these are helping to alleviate the squeeze in […]

That is, if your firm is a big, investment-grade, company. Central bank's (when acting as lender-of-last-resort) lent money to&nbsp;banks, secured by the banks' assets (usually those banks' business loans) which then lent to business.