Blogs

<p>Australian government is starting lockdown measures as coronavirus spread accelerates in the country. Non-essential services, including indoor sporting venues, pubs, cinemas, bars and places of worship will be closed from midday Monday.  A total of 1642 confirmed cases are reported in the country now, with 669 in New South Wales, 355 in Vi

<p>RBNZ announced today to launch a NZD 30B Large Scale Asset Purchase (LASP) program of government bonds. The purchases will be “across a range of maturities” in the secondary market over the next 12 months. It aims to “provide further support to the economy, build confidence, and keep interest rates on government bonds low

<p>Markets are back in risk averse mode as another week starts, after Spain and Italy suffered the worst days of coronavirus pandemic over the weekend. US Senate failed to advance another aid package on differences between Republican and Democrats. But resolution would be seen soon based on the severity of the outbreak in the US, […]

<p>RBNZ announced QE on Monday, following an aggressive emergency rate cut, by -75 bps, to 0.25% last week. The surprising move aims at soothing the credit conditions which have tightened significantly over the past weeks. Besides QE, the central bank last week introduced a Term Auction Facility, FX swap and a NZ$30B US dollar swap […]

<p>For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.0664 on Friday. On the macro front, Euro-zone’s seasonally adjusted current account surplus widened to €34.7 billion in January, less than market forecast for a surplus of €35.5 billion and compared to a surplus narrowed to €32.6 billion [&hell

<p>For the 24 hours to 23:00 GMT, the GBP declined 11.09% against the USD and closed at 1.1583 on Friday. On the data front, UK’s public sector net borrowing posted a surplus of £0.39 billion in February, confounding market expectations for a deficit of £0.85 billion and compared to a revised surplus of £12.43 billion […]

<p>For the 24 hours to 23:00 GMT, the USD rose 0.93% against the JPY and closed at 111.17 on Friday. In the Asian session, at GMT0400, the pair is trading at 110.21, with the USD trading 0.86% lower against the JPY from Friday’s close. The pair is expected to find support at 109.20, and a […]

<p>For the 24 hours to 23:00 GMT, the USD rose 2.50% against the CHF and closed at 0.9879 on Friday. In the Asian session, at GMT0400, the pair is trading at 0.9828, with the USD trading 0.52% lower against the CHF from Friday’s close. The pair is expected to find support at 0.9747, and a […]

<p>For the 24 hours to 23:00 GMT, the USD rose 10.40% against the CAD and closed at 1.4398 on Friday. On the data front, Canada’s retail sales rose 0.4% on a monthly basis in January, surpassing market expectations for an advance of 0.3% and compared to a flat reading in the prior month. In the […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 16.08% against the USD and closed at 0.5794 on Friday, after Australia’s Prime Minister, Scott Morrison, announced the closure of non-essential services amid increasing coronavirus cases in the country. LME Copper prices rose 3.6% or $170.0/MT to $4,855.0/MT. Aluminium prices declined margina