2020 T2 W11

MARKET MOVERS Wendy Le NZ Official Cash Rate & RBNZ Rate Statement – 12 August 12:00pm The NZ official cash rate is forecasted to stay the same at the record low rate of 0.25%. As the cash rate stabilising indicates economic recovery, this may lead to a bullish NZD and AUD. An interest rate cut … Read more

2020 T2 W10

MARKET MOVERS Will Liu Australian Cash Rate – 4th August 2:30pm  The Australian Cash rate is forecasted to remain steady 0.25%, with the current state of the economy and the extra uncertainty added by rising COVID 19 cases. RBA is expected to maintain optimism similar to last month’s RBA minutes where policymakers noted that ‘the downturn … Read more

2020 T2 W9

MARKET MOVERS Wendy Le Australian CPI q/q – 29 July 11:30am  Australian CPI is forecasted to decrease from 0.3% to -2.0%. This potential decline in inflation could be attributed to the spike in COVID-19 cases in Victoria and NSW. This indicates a movement away from the RBA’s target inflation rate of 2-3% meaning that in … Read more

2020 T2 W8

MARKET MOVERS Paul Huang Fed Budget Deficit Expansion  US treasury reported on 13 July that the budget deficit has reached an all-time high of $864 billion in June, primarily due to stimulus programs for small businesses.  Current fiscal and monetary policies coupled with COVID-19 cases continuing to surge may indicate weakness in the dollar. China exceeds GDP … Read more

2020 T2 W7

MARKET MOVERS Samuel Soo Coronavirus cases continue to surge in the U.S. The U.S. passed 3 million confirmed cases of coronavirus, representing a quarter of all cases worldwide High record of COVID cases in the US has exacerbated fears of a second wave, making investors less certain about a swift economic recovery that was suggested … Read more

2020 T2 W6

MARKET MOVERS Paul Huang US-China tensions China has imposed a new security law for Hongkong which allows Beijing to override the Hong Kong judicial system. In response to China’s imposition of new security law, the US house of representatives has passed a bill that penalizes banks for conducting business with Chinese officials associated with the … Read more

2020 T2 W5

MARKET MOVERS 29th June Samuel Soo Spike in COVID-19 in Australia, China and the U.S. Victoria confirms 41 new cases of Coronavirus in a day, NSW records 6 new cases, just as restrictions are loosening. U.S. records 45,000 new cases of COVID-19 on June 26, single largest increase in the pandemic, exceeding highest of 36,400 new … Read more

2020 T2 W4

MARKET MOVERS Wendy Le RBA Gov Lowe Speaks – Monday 22nd June 9:00 am  With Australia slowly recovering from the effects of COVID-19 and the removal of most restrictions, hints about the future of monetary policy in Australia would likely affect the strength of the AUD. Governor Philip Lowe’s speech may provide some clues that … Read more

2020 T2 W3

MARKET MOVERS Victor Shen Core Retail Sales (USD)   Tuesday 16th June 11:30 pmPartly supported by last month’s astoundingly positive job data, US core retail sales are forecasted to rebound from last month’s abysmal -17.2% to about 5.5%. Coupled with further easing of restriction, US economic outlook is looking more positive. CPI m/m (CAD) Wednesday … Read more

2020 T2 W2

MARKET MOVERS Wendy Le ECB President Lagarde Speaks (EU)   Monday 8th June 11:45 pmThe European Central Bank tends to drop subtle hints about future monetary policy or interest rate changes during the speeches. With the EU slowly recovering from the coronavirus, any indication of monetary policy stabilizing ensure bullish continuance for the Euro. CPI m/m … Read more