Monetary Authority of Singapore  comments following the data release earlier  Monetary policy settings, stance remains unchanged – are appropriate – sees jobs market worsening later in the year — Continue Reading:… Search […]

Shi Zhengli is known as China’s "bat woman" due to her work as deputy director of the Wuhan Institute of Virology – Is a virologist recognised internationally for her work on coronavirus […]

Singapore economic growth ion the January to March quarter of 2020 -4.7 % q/q at annualised, seasonally adjusted rate  -0.7 % y/y  See here for global coronavirus case data Continue Reading:… Search […]

The March result was +1.6% This was previously known as the Corporate Services Price Index. Its release tends not to have much of a yen impact.  See here for global coronavirus case […]

Australia weekly consumer confidence, ANZ/Roy Morgan survey – record low was hit on March 29 – this is now an 8th successive weekly increase  ANZ comment: Continue Reading:… Search Web: Australia weekly […]

Avigan is a COVID-19 drug  being developed by Fujifilm  – for the treatment of COVID-19  PM Abe had said he had hopes of approving the drug by the end of May after […]

Bank of Japan Governor Kuroda will appear in the Japanese parliament from 10am Tokyo time  – which is 0100GMT Australian Prime Minister Morrison is speaking from 12.30pm Sydney time  Continue Reading:… Search […]

The Confederation of Trade Unions in HK have called for a general strike on Wednesday – in response to the new China National Security Law   The union group says (in brief): […]

New Zealand trade balance for April $ NZ-2496m 12mth YTD – expected 1235m NZD , prior 672m NZD Exports 5.269bn NZ dollars – expected 5.3bn NZD, prior 5.87bn NZD Imports 3.99 bn […]

Tensions are rising (further) on the India-China border, this posted earlier: – a Now there are reports that China has said it will evacuate its citizens in India from next week. Reports are […]

Novavax will begin human testing of its coronavirus vaccine …in Australia That was a headline from an hour or so ago, and more detail here: Re the headline to the post, given […]

Comments from Bank of France Governor Villeroy de Galhau overnight can be found here: In a nutshell: – he is signalling that more ECB policy stimulus is on its way (the ECB meets […]

I posted earlier the breaking:  Novavax will begin human testing of its coronavirus vaccine …in Australia I should make specific note the human trials are on Australians. But I guess that still […]

Australian PM Morrison to flag the winding back of government assistance for the economy in his speech today  Reuters have sighted extracts of the speech: Continue Reading:… Search Web: Australian PM to […]

Publicly listed company news this time, not coronavirus! Dong Dengxinis director of the Finance and Securities Institute at Wuhan University of Science and Technology. Was speaking in reference to new US legislation […]

US and UK markets were closed on 25 May so its almost Monday all over again here in the very early Asia morning.  Maybe we get more market movement today.  Continue Reading:… […]

Novavax says it has begun enrolling participants in first human study of its coronavirus vaccine – The company says it’ll test vaccine safety, immune responses in about 130 healthy adults in Australia  […]

Forex news for North America trading on May 25, 2020: Markets: – Gold down $3 to $1732 – S&P 500 futures up 34 points to 2987 – WTI crude oil up 47-cents […]

2145 GMT New Zealand trade balance for April (both exports and imports will be lower on the month due to the nationwide shut down in response to the COVID-19 outbreak)  Continue Reading:… […]

The latest US numbers The pace of US cases is slowing but 15,342 in a single day is still an incredibly high number given that businesses are reopening and social distancing efforts […]

Poloz takes audience questions: I’ll monitor for other comments. USD/CAD dipped to 1.3969 at the London fix but is back to 1.3985, little changed on the day. See here for global coronavirus […]

Highlights from Poloz’s final speech at the BOC That’s all she wrote for Poloz. He’s a relentless optimist but he’s not shaking the boat in his final speech. Happy trails. Continue Reading:… […]

Comments from Villeroy: See here for global coronavirus case data Continue Reading:… Search Web: ECB’s Villeroy: We will probably need to go even further

The latest UK numbers Total deaths now 36,914 in the UK and 261,184 cases. Monday numbers in the UK are typically lower than the trend because of issues surrounding counting the numbers […]

Canadian markets are open today It’s a holiday in the US but Canada is open and the TSX Composite is up 1%. The loonie trails only sterling at the top of the […]

Italy coronavirus cases continue climb Italian virus deaths continue to fall overall but rose on the day to 92 from 50 a day before. Cases fell to 300 from 521 a day […]

Closing changes for the main European equity bourses: See here for global coronavirus case data Continue Reading:… Search Web: European equity close: Big gains to start the week

Comments from German Europe minister Michael Roth The EU side really hurt its credibility in the last round of negotiations by saying multiple things were impossible or that the timeline wouldn’t work, […]

What’s moving the Canadian dollar Credit Suisse discusses USD/CAD technical outlook and "USDCAD saw another test and hold of the pivotal support zone seen at the current range lows, 50% retracement of […]

Optimism is in the air Japan ended a nationwide state of emergency today, Australian kids went back to class and Italy’s Lombardi region reported zero deaths today — all better pandemic signs. […]

The latest from Israel’s central bank The central bank said it would expand the use of existing tools, including interest rates (negative?) and operate additional ones if crisis lengthens. Continue Reading:… Search […]

Canada is still open US stock futures are trading almost 1% higher but the cash markets the NYSE and Nymex are closed today for the Memorial Day holiday. With the UK also […]

Forex news from the European trading session – 25 May 2020 Headlines: Markets: – CAD leads, JPY lags (very minor changes) – European equities higher; E-minis up 1.0% Continue Reading:… Search Web: […]

The DAX goes in search of another leg higher See here for global coronavirus case data The index is now gaining by nearly 2% on the session, looking to hold a break […]

Cable is consolidating after the drop below 1.2200 on Friday See here for global coronavirus case data Boris Johnson is coming under fresh scrutiny in the coronavirus crisis, after he backed his […]

Says that will introduce contract tracing app in mid-June – Japan to continue to strengthen testing regime – Preventing spread of infections while restarting the economy is a tough challenge See here […]

As announced by Japanese prime minister, Shinzo Abe – Japan has managed to bring the epidemic under control – The exit from the pandemic is in sight – Will lift state of […]

European stocks push higher amid quiet markets See here for global coronavirus case data The DAX is closing in on 2% gains on the session, with US futures also notably keeping higher […]

DPA reports on the matter, citing a government document The good news for the firms involved is that those already receiving aid from the federal or state governments will remain eligible to […]

Comments by Ifo economist, Klaus Wohlrabe – German economy sees light at the end of the tunnel – Business climate in industrial sector improved significantly See here for global coronavirus case data […]

Latest data released by Ifo – 25 May 2020 – 74.3; revised to 74.2 – Expectations 80.1 vs 75.0 expected – Prior 69.4 – Current assessment 78.9 vs 80.0 expected See here […]

Latest data released by the SNB – 25 May 2020 – Domestic sight deposits CHF 596.6 bn vs CHF 591.0 bn prior See here for global coronavirus case data Prior week’s release […]

Yet maintains that vaccine development is not a competition See here for global coronavirus case data Continue Reading:… Search Web: China says that it is making breakthroughs in vaccine development; US getting […]

Remarks by the Chinese foreign ministry – Very concerned about reports US considering nuclear tests – Urges US to correct its mistake, will take needed steps The war of words between the […]

USD/JPY is little changed close to 107.70 See here for global coronavirus case data The pair continues to consolidate around 107.50-80 for the most part since last week, with a firm break […]

Just in case it was not clear what the national security law would cover – Illegal acts posed imminent danger to China’s national security – Beijing is firm in upholding national sovereignty, […]

A more positive start to the day – Eurostoxx +0.8% – Germany DAX +1.0% – France CAC 40 +0.8% – Spain IBEX +1.0% See here for global coronavirus case data Despite the […]

EUR/USD falls back under its 200-hour moving average See here for global coronavirus case data The pair is tracking a little lower to start the session, falling to just under 1.0880 and […]

Positive risk tones in early trades to start the week – German DAX futures +1.0% – French CAC 40 futures +0.9% – Spanish IBEX futures +0.6% See here for global coronavirus case […]

The Nikkei posts its highest daily close since 6 March The Hang Seng is down by 0.5% now with Asian investors not really shuddering as what we saw towards the end of […]

Latest data released by Destatis – 25 May 2020 – GDP (non-seasonally adjusted) -1.9% vs -1.9% y/y prelim – GDP (working day adjusted) -2.3% vs -2.3% y/y prelim Continue Reading:… Search Web: […]

Jiji Press reports on the matter international visitors are pretty much non-existent See here for global coronavirus case data The reason why the Japanese government prefers to hand out vouchers instead of […]

Daily thread to exchange ideas and to share your thoughts Major currencies remain trapped in a relatively narrow range, with Asian equities looking more mixed as the Nikkei gains while the Hang Seng is […]

Latest data released by the Japanese Cabinet Office – 25 May 2020 – Coincident index 90.2 vs 90.5 prelim Slight delay in the release by the source. The preliminary release can be […]

Japan has largely eased state of emergency measures in the country since last week already mentioned That should allow for more normal day-to-day activities in the country and will give businesses more […]

German Ifo survey the notable highlight Major currencies are keeping mixed in narrow ranges so far on the day, with economic data releases also not likely to shift the dial all too […]

New Zealand continues to ease coronavirus restrictions However, with international borders still shut, that remains a blow to NZ’s tourism industry – which plays a big role in the country’s economy. But […]

The ‘weekend effect’ is at play here As is customary with the count over the past few weeks, the numbers are seeing a dip when factoring in the count over the weekend. […]

Forex news for Asia trading Monday 25 May 2020 Weekend: Check out the headlines above for the ratcheting up of US-China tensions further over the weekend. These spilled over slightly into forex […]

Comments from White House national security adviser Robert O’Brien He was speaking on NBC’s "Meet the Press" on Sunday – said the US will likely impose economic sanctions on Hong Kong and […]

Summarised comments from RBC on equities ahead: While the SPX peaked at 2955 on April 29 and underwent a 6.4% correction to reach our technical target at 2800 on May 14, equities […]

I posted last week on Citi forecasts for gold: Further to that post, Citi note drivers of money flow into safe haven assets and also support gold: – US-China tension escalation And […]

Preliminary data from the Australian Bureau of Statistics for April trade  – value of exports and imports of goods both decreased in April 2020 Exports fell $4 billion or 12 per cent […]

Indian media reports over 5,000 Chinese soldiers have intruded at five points into India Since late in April. Source USD is up a little in the session here.  Continue Reading:… Search Web: […]

People’s Bank of China substantially weakening the yuan at the mid rate setting  Weakest CNY mid rate since 2008 (this chart doesn’t go back that far) No open market operations from the […]

EUR/USD  USD/JPY See here for global coronavirus case data Continue Reading:… Search Web: FX option expiries for Monday May 25 at the 10am NY cut

There is a good amount of data due from Australia this week, partials for Q1 GDP ANZ say though these are not as important for moving the currency as are possible announcements around […]

Nishimura will seeking advice on calling an end to the emergency today: He does say to avoid travel to other prefectures through to May 31 See here for global coronavirus case data […]

BOC Governor Poloz speaks on ‘Monetary Policy in Unknowable Times’ on Monday – Poloz speaks at 1:30pm ET, which is 1730GMT – event will take place by videoconference As a heads up […]

The arguments you may seen cited in favour of short GBP/JPY in summary: – bias favouring yen strength – speculation on negative rates in the UK  With the risk is the on […]

Justin had the news on Friday:  Australia’s JobKeeper program now estimated to cost $70 billion instead of $130 billion There has plenty of hot air expelled over the cost estimate error. The […]

An earthquake 97 km SE of Taipei, Taiwan – depth is 10km No reports of damage nor injuries at this stage.  See here for global coronavirus case data Continue Reading:… Search Web: M5.2 […]

Adviser to UK PM Dominic Cummings was reported to the police for breaking the lockdown restrictions. So far UK Prime Minister Johnson is supporting Cummings but there are murmuring the Cabinet may […]

It’d take a week to catch up on all the US-China niggles just over the weekend! I posted a few of these on the weekend: A couple of other items: Reuters with  […]

This would be the second supplementary budget for fiscal 2020 – A follow up on last month’s 117 trillion yen stimulus – This extra budget will gop to Japan’s cabinet for approval on […]

Foreigners who have been in Brazil in the past 14 days are not permitted to enter the US – White House statement restricting travel from Brazil for non-US citizens.  Continue Reading:… Search […]

Welcome again to the new week! Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Continue Reading:… Search […]

Comments regarding the US’ from the China Securities Regulatory Commission (CSRC) weekend statement Holding Foreign Companies Act – the US bill that aims to delist Chinese companies from the US stock exchange […]

A heads up for May 25, its a: – UK bank holiday – & US Memorial Day holiday Forex markets will be impacted, with so many banks out or only on skeleton […]

Financial Times reporting that the UK Treasury is drawing up plans to bail out firms heavily laden with debt.  ‘Project Birch’ plan to bail out stricken UK companies Continue Reading:… Search Web: […]

North Island of NZ, depth of 53km. USGS intial initial magnitude report is 5.6 – followed shortly afterwards by a M3.3 quake 28km west of Foxton Map via EMSC Continue Reading:… Search […]

China’s national annual parliament set out the draft law on Friday (the parliament is basically a rubber stamp for the tick of approval for drafts)  In a nutshell the law imposes a […]

Weekend report ion the Nikkei that the emergency declaration is set to be lifted on Monday in: – Tokyo – Kanagawa – Saitama – Hokkaido Yasutoshi Nishimura is minister in charge of […]

Due at 0110GMT is BOJ JGB QE buying – from 1 to 10 years remaining until maturity. At 0500GMT is Japan’s leading index, final for March. See here for global coronavirus case […]

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! As is usual for a Monday morning, market liquidity is very thin until […]

What the hourly chart and price action is saying. GBPUSD. In the NY session on Friday, the GBPUSD tried to stay below the 1.21842 (50% of the week’s trading range). The price […]

There are numerous reports on treatments and vaccines hitting the news each day. Some are more reliable than others, so do beware. FWIW, an item from China’s Global Times, ICYMI, on a […]