According to Robin Brooks, Chief Economist at the Institute of International Finance (IIF), the euro could become a deflation currency like the Japanese yen was before the Bank of Japan, under Kuroda's leadership, launched unparalleled monetary stimulus in 2013. While the Euro is strong in trade-weighted terms, it remains weak in real or inflation-adjusted terms. [...]
AUD/USD is up for the key moves as not only the Reserve Bank of Australia’s (RBA) but the Aussie budget is also ready for publishing, respectively around 03:30 GMT and 08:30 GMT, on Tuesday. The Reserve Bank of Australia (RBA) held its cash rate and the targeted yield on 3-year bonds unchanged at 0.25% during [...]
Markets are rising and the safe-haven dollar is down on hopes that President Trump may leave the hospital shortly. President Donald Trump's doctors said on Sunday that President Donald Trump's Commander-In-Chief is improving. But the Doctors not involved in Trump's treatment said they suspected his condition might be worse than Conley let on. As an [...]
Fundamental view: Investors once again believe gold is a safe-haven trade. Overnight, gold prices surged after President Donald Trump and first lady Melania Trump tested positive for coronavirus. After a steady rally this week, gold is now comfortably above the $1,900 level. There is a lot of confusion in the marketplace after positive test of [...]
