MARKET MOVERS Underwhelming US Job Data – 12th April Adam Bi Before the Coronavirus pandemic spread globally, U.S. unemployment rate was at its 50-year lows. Due to social isolation measures, U.S. unemployment rate is soaring at an alarming speed. The Labor Department reported on Thursday that another 6.6 million people made new jobless claims-applications by … Read more
MARKET MOVERS ADP and NFP – 6th April Will Liu Last week saw the release of the ADP and the NFP, two hard hitting employment related statistical release that often create large, but short-lived moves in the forex market. For a bit of context, the ADP and the NFP figures for Non-Farm Employment Change differ in many … Read more
MARKET MOVERS Government Initiative Halts Falling AUD29th March Allan Liao On the 19th March, the RBA announced a rate cut of 25 basis points to 0.25 through a $90Billion quantitative easing program in order to counter the economic impact of domestic lockdown. As of Thursday 26th March, AUD$9Billion worth of government bonds maturing in Dec 2021 July … Read more