These 2 countries are Commonwealth countries, so new trade is nothing but hoax. Are they not trading partners already, and if the news is meant to scare EU to jumpstart negotiations, the sum touted is meagre. This is not substantial enough

UK eyes billion pound boost from Australia, New Zealand trade deals

There should be maximum level of reliefs, even when printing can be done, but becomes Govt liabilities eventually and has a long term negative effect. The time may come when the benefits should be halved, in a pandemic era, people have to understand ...

More than 100 economists tell Congress: More relief needed to avoid ‘prolonged suffering’ and...

Not that huge if the data is on y/y Check this, using 10,000 as a basis for March A plunge of -14.7% will mean our figure dropped from 10,000 to 8,430 in April Now an increase of 17.7% on the new figure of 8,430 will give us 9,863 So comparing May ...

US May retail sales surge 17.7% in the biggest monthly jump ever

The Irony of it all is where will the level be if Corona suddenly disappear. May be another 20% from current level

U.S. Fed's Main Street lending facility likely to start with a whimper

Less than 6 months of Pandemic and you don't expect full recovery to previous level until 9 years. That is some bad and unambitious projection. You need to go back to the drawing board, because between now and your 2029, there could another set ...

The US economy could take nearly a decade to recover from the coronavirus pandemic, according...

Most times retail traders see in bits and pieces, while some big pockets behind the scenes have Helicopter view. They prop up the prices buying all along to a price where a large order is waiting (sometimes, retail traders call them false breaks) ...

China’s manufacturing recovery stuttered in May, but PMI positive for third month in a row

I guess partly because German Chancellor is already dragging her feet. Partly face saving and time buying.

Trump postpones G7 summit, seeks to add countries to invitation list

They should have organised this to be like 80% and still get the law passed. 99.99% does not show total freedom of the lawmakers. Remote controlling seem evident here.

China approves controversial national security bill for Hong Kong

Grants, who pays for it. That is printing galore, the Economics of 21st century is different from what was taught several years back. Then, we were told that money could not printed that easily, now they turn the printing press button as will.

EU recovery fund: Italy said to be getting €81.8bn in grants

There will always be a reason attributed in retrospect to a substantial move, most of the time mere write up. If Pounds jumped 160 pips because of fishing rights, so the other pairs that also moved significantly jumped because of what? Beef rights? ...

Pound Sterling Jumps Half a Percent against Euro on Rumours of Fishing Rights Breakthrough in...

UK Facing A Recession `Likes Of Which We Haven't Seen' Why the scare mongering, what will this achieve in the short or long run, give the necessary excuse to run the economy anyhow?

Sunak: Official Forecasts Point To Double-Digit Jobless Rate

"the European Commission have said that EU law holds precedence over national regulations" So sovereignty is lost stylishly. Soon there will be no individual country president anymore

EU could open legal case against Germany over ECB bond-purchases ruling: Commission

If you expect bitcoin that is below $10k to reach $250K and you are concerned about money printing and inflation. The money to buy it will still come from the excess of printing and that sort of move from 10k to 250k will put the worst of yesteryear ...

Billionaire Paul Tudor Jones: ‘My bet is it will be bitcoin’ as the best inflation hedge

The power of green (maybe that is why US$ is called green back) from 870k (revised higher) to over 20m and still shown as green because it is lower than forecast. In printing this type of report, the forecast should have been muted. This is pure red

The Employment Situation -- April 2020

"output is expected to contract significantly over the first half of 2020, mostly in the June quarter" This may not translate to decline in FX rates for AUD pairs. Sometimes performance of the economy may lag the rates

Statement on Monetary Policy, May 2020

I thought they were looking for €1trillion. This is less than a drop in the ocean unless they are now looking for €1billion. US has already committed trillions of USD. Unless this is not total response

Merkel: Germany will contribute 525M euros for coronavirus response

Should that be a buy? EURO has just been over supplied, should not support pushing the currency to new heights. Anyway, in forex, logic is sometimes suspended and targets are more important.

ECB's Pres. Lagarde: €3 Trln is now available to banks at negative rates

The virus may end up increasing world population eventually

Coronavirus crisis will see 7 million unplanned pregnancies and 31 million gender-based...

That is not a useful prediction, we still have 8 months before Dec 2020. In between, it could go as far as 1.18 or as low as 1.035. Talking for the sake of it only.

Euro seen falling to 1.05 to the US dollar by year-end: BofA

You could be taxed at a negative rate. So a -10% tax rate on an income of $5,000 means you go home with $5,500. Instead of suffering a deduction, you have an added advantage. But the bottom line is that the deficit will escalate and what has been a ...

Negative payroll tax on the table for stimulus: Fox business