Events to Look Out For Next Week

All major countries across the world are effectively locked down now as virus developments remain in focus, with ever bigger aid packages. The data this week especially from the US were highly infected by the pandemic. Hence, as disruptions from COVID-19 have begun to catch up to the soft data measures, the impact will likely …

BOE lowers again and adds more QE

GBPUSD, H1 The BOE lowered rates to 0.10%. The BOE says it will increase holdings of government bonds (new QE). The vote was unanimous. It has been a traumatic first week for the new Governor Andrew Bailey. Cable leapt to 1.1650. Earlier the Pound posted a fresh 35-year low against the Dollar at 1.1451. The …

FX Update – March 9 – Risk Averse Rules

USDJPY, H1 The Yen surged by over 4% versus the commodity bloc currencies; massive intra-day movements by the standards of trading in the prevailing era as global markets slammed the risk-off button amid heightening panic about the global economic impact that the COVID-19 virus pandemic is having. Oil prices were hammered, diving by a staggering …