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The Bank of Japan left rates on hold as widely expected, while producing a more dovish tone, and the RBA Minutes were out, also delivering mostly as expected. But all of this has been overshadowed by the latest efforts out of the US to stimulate the economy. read report
We come into Thursday with the Buck having enjoyed a run of outperformance. Some have attributed the US Dollar demand to flight to quality bids on the back of ongoing coronavirus fallout and a horrid bout of US economic data, while others attribute the price action to nothing more than a corrective adjustment after a broader period of Dollar outflow. read report
Countries are in shutdown mode around the globe, in an effort to combat the coronavirus, and financial markets are in turmoil. As a consequence, central banks and governments have been forced to step up with additional stimulus measures to help offset fallout. read report
All of the worry associated with US tariffs remaining in place through the 2020 election, has faded away, with the market feeling a lot better now that the phase one trade deal agreement has been signed off. Ahead, we get retail sales, the Philly Fed, initial jobless claims, and NAHB housing. We also get a speech from ECB Lagarde. read report
