• Lackluster Performance of European ETFs Suggests Great Untapped Potential for EUR

    US bond yields tumbled to a new historical low on Tuesday as the Fed unexpectedly signaled its willingness to continue inflating stock market bubble in exchange for stability of credit markets.

  • Surprise Fall in New Zealand Unemployment Rate

    Unemployment Rate Beats Forecasts In a data release which has bucked the trend seen across the G10 recently, as well as confounding the New Zealand government’s own forecasts, the unemployment rate there fell back to 4% in the three months to June. Data release overnight from government agency Statistics New Zealand marked a decline in […]

  • Bank of England To Signal More Stimulus?

    BOE Meeting Due Tomorrow The Bank of England’s August MPC meeting, due tomorrow, is taking on a great deal of focus as the recovery effort continues in the UK. With most sections of the economy having at least partially re-opened now, the BOE is hoping for a smooth, gradual recovery, which relies on avoiding any […]

  • Mfg. PMI Maintains General Momentum, but the Sector Continues to Lose Jobs

    The Markit and ISM manufacturing PMI reports released on Monday indicated another positive change in July comparing to June: the ISM index rose from 52.6 to 54.2 points, Markit PMI climbed to 50.9 points, finally leaving contraction zone.

  • RBA Keeps Rates Unchanged In August

    Rates Unchanged At its August monetary policy meeting held overnight, the RBA kept interest rates on hold at record lows of 0.25%. The unchanged announcement was broadly expected though risks of a further rate cut were heightened after governor Lowe suggested last month that rates could be cut to as low as 0.10%. Downturn Not […]

  • EURUSD: Concerns About Risk-on Momentum Create Strong Case for a Pullback

    JP Morgan analysts believe that the time is coming for a pullback in equities.

  • Key economic events and reports for the week ahead

    Monday, August 3, 2020 – Caixin Manufacturing PMI (Jul)(CNY), German Manufacturing PMI (Jul)(EUR), ISM Manufacturing PMI (Jul)(USD).

  • Growth Forecasts Revised Lower as the Second Covid-19 Wave Takes its Toll

    The global economic outlook has deteriorated again amid accelerating incidence rate of Covid-19 and risk of repeated lockdowns, showed Reuters polls of more than 500 respondents.

  • EURUSD: Odds are Skewed to Extension of the Upside Move

    Eurozone recorded the worst drop of GDP in history in 2Q.

  • US GDP Falls Most Since WW2 Over Q2

    GDP Sees Rceord Fall in Q2 The US Q2 GDP reading, released yesterday, confirmed the worst period of economic activity since the second world war with the economy contracting by 32.9% from April to June. To put the contraction in perspective, the US economy shrank by just 8.4% during the height of the last recession […]

  • The Friday Forex Takeaway – Episode 45

    Key Points From This Week Second Wave Fears Intensify The prospect of a second wave has taken on greater focus this week as an increasing number of countries report an uptick in new covid-19 cases. In response to a fresh outbreak in Spain, many European countries have enacted fresh travel restrictions on the country. The […]

  • Review of the Fed Policy Meeting: More Downside Risks for USD?

    The Fed left policy parameters unchanged on yesterday meeting but reiterated “whatever it takes” mantra to bring activity back to pre-crisis levels.

  • Fed Highlights Pandemic Uncertainty At July FOMC

    The July FOMC meeting held last night was a fairly low impact event. In line with expectations the Fed refrained from adjusting policy levels while delivering a message of concern and uncertainty, highlighting its readiness to support the economy further if necessary. Key Quotes From The July FOMC statement Following sharp declines, economic activity and […]

  • Here is the First Sign US Recovery Enters Phase of Moderation

    Record-setting performance of the US economy in May and June appears to be coming to an end with time of disappointment creeping in.

  • Fed Announces 3mth Extension to Lending Programs Ahead of FOMC

    Funding Operations Extended Ahead of the July FOMC meeting later today, the Federal Reserve announced yesterday that it will extend the duration of a number of its lending facilities through to the end of the year in a bid to continue supporting the economy.  The extensions will apply to several of the bank’s lending operations […]