Fundamental view: UK BOE Gov Bailey Speaks at Jul 13 and July 17 supported Pound and lead to uptrend of the pair whereas FOMC Member Harker Speech at Jul 15 and FOMC Member Williams Speech at Jul 16 strengthened greenback and acted as a catalyst for the downtrend of the pair. Outcomes of monthly reports [...]
Canadian provinces and territories have been gradually reopening. As of today, Canada reported 109000 total cases of COVID 19. Canada's federal government will give the 13 provinces and territories more than C$19 billion ($14 billion) to help pay for the costs of restarting the economy after several months of COVID-19 pandemic lock-downs, the prime minister [...]
As per Official data released on early Thursday, Australia's unemployment rate rose to 7.4% in June to hit the highest level in two decades whereas Market consensus favors Employment Change to recover to +112.5K from -227.7K. The effective rate factors in people working zero hours and those who have dropped out of the labor force [...]
As per the BOJ Outlook of economic activity and prices in July 2020, Japan's economy is likely to improve gradually from the second half of this year with economic activity resuming, but the pace is expected to be moderate as the impact of the novel corona virus (COVID-19) remains worldwide. Thereafter, as the impact subsides [...]
