Oil Is Suffering from Market Risks Again
Oil is falling again. On Monday, April 27th, Brent is approaching $20.30 (-5.2%) amid investors’ concerns that global stocks may yet be overlooked. Global demand for oil remains weak and that’s quite normal. However, global supply isn’t going down and...
BOJ’s QE Expansion Likely Ineffective Despite Pledge of Unlimited Purchases
BOJ announced to expand QE today. It will increase support on corporate financing and remove the annual purchase limit for JGBs, from 80 trillion yen previously. Meanwhile, the central bank left the overnight rate unchanged at -0.1%, and the yield...
FOMC to Highlight Weakness in Economy and Reinforce Dovish Stance in April Meeting
Following unprecedented measures announced in March, we expect the Fed to leave the policies unchanged at the April meeting. The focus will be on the economic assessment and the forward guidance. We expect the members to acknowledge the rapid deterioration...
Stock futures up more than 200 points as oil declines; traders weigh prospects of re-opening the economy
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks futures were higher on Sunday night, as oil prices fell, while investors assessed...
Yen Mixed after BoJ’s Additional Easing, Aussie and Kiwi Strong
Yen is trading mixed after BoJ announced additional easing measures, following shortened monetary policy meeting. Australian and New Zealand Dollars are the strongest ones. Both countries have been performing extraordinarily well in containing the coronavirus spread and are planning for...
EUR/USD Bullish Above 1.0800
Last Friday, the U.S. dollar eased against other major currencies, with the ICE Dollar Index slipping 0.2% on day to 100.29. EUR/USD rebounded 0.4% to close at 1.0821 Friday, snapping a four-day decline. The German IFO Business Climate Index declined to 73.4 in...
Peak Virus Perks Up Asian Markets
Peak virus seemed to be the overriding theme of the week, with the rate of new cases and deaths falling in Europe and the United States, the COVID-19 epicentres. Plans appear to be accelerating also for partial reopening’s around the...
DBS’s Gupta pans banks’ dividend cuts, sees Covid-19 as threat to all
When Euromoney catches up with Piyush Gupta, he is keen to discuss the second great financial challenge of the 21st century through both a wide and a narrow lens. Before we speak, the chief executive of Singapore’s DBS Bank asks...
Forex, Cryptocurrencies, Stocks Forecast
First, a review of last week’s events: EUR/USD. While in the United States, decisions to allocate money to revive the economy are made quickly enough, in the Euro Zone this is a process that requires a long discussion and agreement...
‘Scary,’ ‘visceral,’ ‘unprecedented’: Traders describe oil’s wild week and fall to negative prices
Comstock | Stockbyte | Getty Images “Scary,” “unbelievable,” “so dramatic,” “unprecedented,” “very visceral”: These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for...
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