News

FM Motegi urges Japanese not to travel to about a third of the countries in the world.  The usual suspects are on there, those hit hard by the virus outbreak such as US, UK, and most of Europe.  Motegi says will also ban entry from those countires countries on his list (for non-Japanese) ForexLive

US Food and Drug Administration (FDA) authorization came in a letter dated Saturday, but the US Department of Health and Human Services (HHS) acknowledged the FDA’s action in a Sunday news release “Anecdotal reports suggest that these drugs may offer some benefit in the treatment of hospitalized COVID-19 patients. The safety profile of these drugs

Bloomberg reports that Plains All American Pipeline asked its suppliers to scale back production,  and Plains and Enterprise Products Partners is requiring customers to prove they have a buyer or place to offload the crude they are shipping The companies made the requests during the past week.  This is a clear sign that a growing

Abe said measures will include fiscal and monetary stimulus alongside tax breaks for companies details have not been finalized package will be rolled out in an extra budget in 10 days size of the package will be greater than that compiled in response to the global financial crisis (total 57 trillion yen) said Abe  Abe

Instacart plans nationwide strike Many workers are off work right now but many are also worried about being forced to work in conditions they don’t think are safe. As the virus travels and stories of people dying circulate, more people are unwilling to risk their health or their families health on the job. Others are

Forex news for North American trade on March 27, 2020: Markets: Gold down $9 to $1622 WTI crude down $1.01 to $21.60 US 10-year yields down 16 bps to 0.68% S&P 500 down 89 points to 2541 GBP leads, USD lags Wave after wave of US dollar selling was the theme again as last week’s

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Down 38.3% y/y. Yikes China’s economy more or less shut down after the lunar new year holiday – poor data is no surprise bu7t no-one really had a handle on how bad it would be.  You can see why leaders of other countries are worried about shutting down their economies. Whether or not you agree

Latest data released by the ECB – 26 March 2020 ForexLive Money supply growth expanded last month but this all relates to the period before all the stimulus action was seen in the region over the past few weeks to deal with the virus fallout, so the release here is rather moot in my view.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

A few ICYMI items out of China as the country’s economy begins recovery from the impact of coronavirus  China has resumed construction of 90% major infrastructure projects Local govts have issued 1.4 tn yuan bonds this year, proceeds from special-purpose bonds have all been used for infrastructure projects Beijing city is considering measures to boost

Japan’s economic stimulus plan to help the economy cope with the coronavirus downturn in demand  Likely to see consumers get vouchers not cash Japan finance minister Aso says problem reight now is money is not circulating, vouchers will be spent, cash on the other nhand may go to savings ForexLive

The market is still in risk-off territory in European morning trade ForexLive European equities are actually shaving off earlier losses with the DAX now down by around 3% after having seen losses of 5% earlier in the session. The mood in US futures is also similar with S&P 500 futures now down by 3% after

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

These are dark times Global equities are down around 35% in a month and junk bond yields are at a 1000 bps spread, with investment grade sinking as well. These are dark times and we’ve gone from ‘euphoria’ to something much worse in record time. I had a dream last night they closed the market

Reuters cite unnamed government sources for Finance Minister Olaf Scholz says the debt ceiling will be raised. On the stimulus package: will include a supplementary government budget of 156bn euros 100bn  euro economic stability fund (will enable government to take equity holdings in firms) 100bn euros in credit to public-sector development bank KfW (for lending

CFTC commitments of traders: EUR flips to longs and at the highest level since July 2018 Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Forex futures positioning data for the week ending March 17, 2020 EUR long 32K vs 13K short last week. Longs increased by 45k GBP long

Forex news for New York trading-from-home for March 20, 2020: Markets: Gold up $22 to $1493 WTI crude down $2.79 to $22.43 US 10-year yields down 27 bps to 0.867% — most in a day since 2009 S&P 500 down 104 points to 2305 — down 17.7% on the week, worst since Oct 2008 GBP