Blogs

<p>Country UK The UK is not taking the coronavirus lightly, despite initial criticism against the government to the contrary. The number of cases now stands at 3,983 with 177 deaths, a significant acceleration on a day earlier. Much darker days lie ahead but both the government and Bank of England have announced huge fiscal and […]

<p>Earlier this week, The Reserve Bank of Australia (RBA) had an emergency monetary policy meeting, in which they cut interest rates a record low of 25bps.  In addition, the RBA announced the start of their own quantitative easing program.  The government also put together a fiscal stimulus plan of nearly $10 billion dollars.  However, that [

<p>Since our last update on Wednesday morningof global fiscal and monetary policy responses to the spread of COVID-19, we have seen a few notable developments: In Europe, more fiscal policy packages have been announced by countries and existing packages been fortified. Spain unveiled a EUR117bn – 9% of GDP – package (with private investment s

<p>The virus pandemic continues to wreak havoc on the global economy and financial markets. Stocks are in freefall, commodity currencies are getting hammered, and even safe havens like gold can’t shine as the market meltdown is forcing major funds to deleverage by ‘selling everything’. In this panicky environment, investors are unlikely to pa

<p>The extraordinary times continue with historically sharp declines in equity markets as well as a widening of spreads in credit and peripheral bond markets . The underlying driver has been the continued acceleration in the spread of the COVID-19 disease, which looks set to trigger a lockdown of most of Europe and the US within […]

<p>Canadian retail sales increased 0.4% (m/m) in January, following a revised 0.2% gain in December (previously reported as 0%). Netting out price changes, the picture was softer. Retail sales volumes fell 0.3%. Retail sales were only up in four of the 11 major categories. The uptick was driven by stronger sales at motor vehicle and […

<p>Like it or not, the US dollar is the world’s reserve currency and therefore, the axis upon which the global financial system turns. As traders try to adjust to the rapidly-changing global health and economic outlook as COVID-19 spreads, the US dollar has served as both a source of funds and the most demanded asset […]

<p>It’s been another incredible week in the markets but one that at least looks likely to end on a positive note, with stock markets making decent gains for a second day. This isn’t enough to put the week into the green but we’re not far away and there’s still time. It’s also far to early […]

<p>Retail sales increased 0.4% in January Soft start to 2020 will get much worse as containment measures kick in That retail sales edged up 0.4% in January will carry little or no weight in markets or from policymakers given the dramatic shock to come. The January numbers themselves were not particularly strong &#8211; excluding prices, [

<p>Here, I am going to take a look on weekly and daily charts of Euro Swissy $EURCHF. In a quiet natural way, this cross is a ratio of two pairs: $EURUSD and $USDCHF. In weekly time frame, the pair $EURCHF shows a strong positive correlation to $USDCHF which is currently turning up. We expect the […]