• Gold Rally Looks Unstoppable as a Second Virus Outbreak is Highly Possible

    Asian markets fell on Friday morning as World Health Organization (WHO) officials warned that the outbreak of coronavirus could happen at any time outside of China. 

  • USDJPY: Fundamental Analysis and Expectations for the Currency Pair

    USDJPY broke the 112 mark on Wednesday, the first time since the end of April 2019. Concerns about recession in Japan, the long-term impact of the Covid-19 outbreak on regional economies, the anticipation of capital outflows from Japan before the end of financial year and strong greenback all contributed to the rapid decline of Yen.

  • FOMC Minutes: Markets Don’t Believe Powell Despite the Promises

    Cautious optimism – this is the position of the Fed policymakers regarding their ability to keep last year’s promise and keep the rate in the current range (1.50 – 1.75%) until the end of the year, showed the Minutes of January meeting. Nevertheless, the policymakers recognized that the risks associated with an outbreak of coronavirus pose considerable threat to the outlook skewing it to the downside.

  • China: Between Scylla and Charybdis

    Large industrial and transportation centers located on the Chinese coast, where lockdowns-caused slack translates into foreign economies particularly fast, are gradually removing restrictions on the movement of people and transportation.

  • “Unintentional Rigging” in China’s Coronavirus Figures

    The outbreak of the Wuhan flu has once again convinced the Chinese government that it is now totally inappropriate time to wage war or retaliate.

  • Market Overview: Looming Japanese Recession, US Economic Data and The Trade Deal

    Japanese GDP has taken a huge hit, falling by 1.6% on a quarterly basis and by 6.3% year-over-year in the fourth quarter of 2019 – the worst performance since the financial crisis.

  • Chinese Stocks Dismiss Coronavirus Fears

    China stock indices rose on Friday dismissing coronavirus fears, supported by the hope that the government measures to curb the outbreak of coronavirus and easy economic stress will continue to support equity markets. The Shanghai Composite Index rose 0.4%. The blue chip index CSI300 gained 0.7% erasing almost 95% from the recent sell-off. As for the weekly gains, Shanghai Composite index has increased by 1.4%, CSI300 – by 2.3%.

  • US Retail Sales Data Commands the Spotlight as Coronavirus Panic Failed to Sustain Momentum Again

    Asian stocks traded in the green zone on Friday while European stocks show mixed performance as Thursday panic associated with a surge in confirmed cases of coronavirus has failed to gain momentum.

  • Key economic events and reports of the upcoming week

    Monday, February 17, 2020 – GDP (QoQ) (Q4)(JPY).

  • As Coronavirus ‘Confirmed Cases’ Jump: Is There an Irrational Reaction in Gold?

    The coronavirus outbreak doesn’t want to go off the market radar, rattling markets on Thursday as the number of confirmed cases in China posted the biggest daily gain of 15K.

  • Powell, Stock Buybacks and Coronavirus – Market Overview 12.02.2020

    The head of the Fed held speech before the Congress on Tuesday. He said that the economy is “in good place”, but the outbreak of coronavirus and questions about long-term stability do not allow to relax (probably hinting at worrying level of fiscal discipline of the government).

  • Recovery of China Production: Any Key Indicators to Watch?

    Extended China holidays have finished but the virus outbreak continues to rage.

  • Food Inflation Soars in China, Yield Curve Shifts Downwards

    Fiscal spending in China rose 8.1% in 2019 comparing to the previous year, the Ministry of Finance said on Monday.

  • Key economic events and reports of the upcoming week

    Tuesday, February 11, 2020 – GDP (QoQ) (Q4)(GBP), JOLTs Job Openings (Dec)(USD).

  • PBOC is set to Ease Access to Credit to Contain Economic Decline

    The Chinese central bank will increase economic support to cushion the blow from the outbreak of coronavirus, but activity is expected to recover only after the virus can be controlled, Central Bank Deputy Chairman Pan Gongsheng said on Friday.