Blogs

GS says gold is close to an inflection point following the Federal Reserve increased QE ForexLive

People's Bank of China  ForexLive

Reserve Bank of Australia  Up from Monday's AUD 3.67bn injection ForexLive

New Zealand  Finance Minister Grant Robertson interview Tuesday – RBNZ Governor Orr is independent to conduct QE – RBNZ have a NZ$30b yprogram but can do more Monday saw QE operations from the RBNZ.

QE amounts from the Fed Buying every day to come this week  I wonder if a down side of this is the US Congress perceiving they there fore have time and space to continue haggling over the fiscal response. 

RBNZ announce a 30B bond buying program yesterday The RBNZ Orr is speaking on radio New Zealand and says The Monetary policy committee said that "further monetary stimulus is needed to meet its inflation and employment objectives" and they saw the need to launch this bond buying programme because financial condit

<p>A week before the final data, the flash PMI report for Japan gives a glimpse of how the coronavirus outbreak has hurt the country’s manufacturing and services activities. The composite output index slumped to 35.8, compared with 47 in February. Sector-wise, the services index dived to 32.7 in March compared with 46.8 in February, while [&h

<p>Elliott Wave view in Ten Year Notes (ZN_F) suggests that it has a bullish sequence from October 2018 low, favoring more upside. Near term, rally to 140.24 ended wave I and pullback to 133.2 ended wave II. Internal of wave II unfolded as a double three Elliott Wave structure. Down from 140.24, wave ((W)) ended […]

<p>Market movers today Market focus continues to be on COVID-19, policy responses and economic impact. Today we get March PMI data for the US and the euro area, which are likely to show a significant decline. Not least the service sector is set to show a very sharp drop. The G7 finance ministers and central […]

<p>Unemployment rate set to reach 11% by June. Economy to contract by 3.5% in June quarter. Sustained recovery not expected until Q4. Despite releasing new forecasts only last week we are now revising those forecasts in light of the current extraordinary circumstances. Our key focus has changed from the usual GDP forecast approach where a [&h