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<p>The financial markets are generally staying in consolidative mode today. Global stocks managed to reverse some of this week’s loss. in the currency markets, Dollar pares back some of recent gains while commodity currencies recover. Though, these moves are generally seen as profit-taking and position adjust ahead of the weekend. There

<p>Asian markets are rather quiet finally as the weekend is coming. Currencies are digesting this week’s sharp moves for now, with mild recovery seen in commodity currencies and Sterling. Dollar and Yen turn slightly softer. But for the week, the greenback remains strongest, followed by Yen and Swiss Franc. Sterling is the weakest, foll

<p>ECB’s massive coronavirus pandemic program do have notably impact on peripheral bond markets. In particulars, Italian and Spanish bond yields dropped sharply today, with Italy 10-year yield back below 1.9% currently, Spanish 10-year yield below 0.9%. The boost to other markets is not that apparent though, as European stocks are quick

<p>Once again, it seems that emergency fiscal and monetary measures by global governments and central banks couldn’t be cared less by investors. US Congress’ second stimulus package, ECB’s massive EUR 750B pandemic emergency purchase program, RBA’s rate cut and government bond buying, are all shrugged off. Optimism won

<p>RBA announced an emergency rate cut of -25 bps, sending the cash rate to 0.25%, today. The central bank also announced a QE-style yield curve control plan. It attempts to target the yield for 3-year government bond at 0.25% through bond purchases. The move is not too surprising, following a media statement released earlier this […]

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -7.68 mmb to 1263.33 mmb in the week ended March 13. Crude oil inventory gained +1.95 mmb (consensus: +3.26 mmb) to 453.74 mmb. Stockpile rose in 3 out of 5 PADDs. PADD 3 (Gulf […]

<p>Neither fiscal nor monetary stimulus is able to provide sustainable support to market so far. Stock markets are back under pressure today despite the massive USD 1T stimulus proposal by the US. Additionally, sentiments are pressured by the sudden spike in Italian treasury yields, and break of a key support level in oil price. Coronavirus [

<p>Investor sentiments were given only and mild and brief boost by the massive fiscal stimulus of the US. Asian markets quickly reversed initial gains and pessimism over coronavirus pandemic wild likely continue in European markets too. As for currencies, Canadian dollar is currently the weakest one for today, as dragged down by oil prices, f

<p>Focus somewhat turns from stock markets to currencies today. Major global indices are staying in rather tight range today, based on recent volatility. Fiscal and monetary measures from major central banks and governments are providing little support to sentiments, as coronavirus pandemic continues to worsen. Dollar jumps broadly today, fol

<p>Markets are generally steady so far today. The panic selloff overnight in the US wasn’t carried through to Asia. DOW had another worst day since Black Monday, getting practically no support from Fed’s all-in easing. In the currency markets, major pairs and crosses are staying inside yesterday’s range for now. Yen, Euro an