The Nikkei is the exception to the rule to start the trading week Elsewhere in the region, it is but a bloodbath as the Hang Seng is down by over 4% with Chinese equities seeing over 2% losses on the day.
Trade ideas thread – European session 23 March 2020
Daily thread to exchange ideas and to share your thoughts The dollar is on the back foot to start the day but much like Friday, things can quickly turn on its head in this kind of market as volatility remains heightened and there are still ongoing worries surrounding the coronavirus outbreak globally.
European pre-market: Dollar softer amid risk-off mood
The dollar is keeping lower for the most part to start the session ForexLive Asian equities are rotting today with the Hang Seng closing in on 5% losses with Chinese equities having just extended losses to over 3% ahead of the close. Meanwhile, India's Sensex index is down by nearly 12% as stocks take a […]
Yen May Gain as Weekend Dow Jones Futures Fall, NZD Eyes RBNZ Stimulus
The Japanese Yen may gain with weekend Dow Jones futures pointing lower into Monday’s session. NZD/USD could fall after the RBNZ announced a bond-buying program to support growth.
US Dollar, S&P 500 Eyeing Bipartisan US Fiscal Stimulus Package
Volatility in the US Dollar and S&P 500 may be amplified in the coming days as Congress attempts to hammer out the details of a bipartisan fiscal stimulus package to counter the coronavirus.
NZD/USD RSI Sits in Oversold Zone as RBNZ Launches QE Program
NZD/USD struggles to preserve the rebound from late last week as the Reserve Bank of New Zealand (RBNZ) launches a Large Scale Asset Purchase programme (LSAP).
US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP
The US Dollar may rise versus the Singapore Dollar, Indonesian Rupiah and Malaysian Ringgit if capital flows out of ASEAN countries as key US data stokes the selloff in equities.
ANZ on Australia's fiscal response for coronavirus economic relief – material and unprecedented
ANZ on the Australian federal government's second fiscal tranche – We estimate it will deploy around $44bn to the accounts of SMEs, sole traders, airlines and low income households in the next months ANZ note this adds to the AUD 21bn already announced
ForexLive Asia FX news wrap: Traders await US Senate vote on economic relief
Forex news for Asia trading Monday 23 March 2020 Weekend: The Reserve Bank of New Zealand kicked off the week with a QE operation, buying NZ government bonds to lower long end rates. NZD/USD traded lower in the very early hours on the back of the operation.
G20 will not issue statement after emergency conference call today – source
Reuters reports on the matter here I don't think this comes as too much of a surprise. Another statement full of pretty words and vague promises isn't exactly what the market is looking for right now.