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China: Fighting the coronavirus with a fiscal-monetary policy combination

2020-02-10T11:57:20+00:00

With an official name of NCP (Novel Coronavirus Pneumonia), the Chinese government has initiated more fiscal stimulus and monetary easing to combat the effects of the virus. These are specific measures. They are different from the usual broad-based policies that are used when there is a need to support the overall economy. Fiscal policies Fiscal policies include tax concessions on companies that are directly affected by the NCP, eg, tourism and catering. Companies that manufacture medical supplies and medicines are exempted from taxes and are allowed to receive subsidies from the government. Monetary policies Apart ... (full story)

China: Fighting the coronavirus with a fiscal-monetary policy combination 2020-02-10T11:57:20+00:00

China says virus ability to spread getting stronger

2020-01-27T12:42:09+00:00

The coronavirus transmission ability is getting stronger and infections could continue to rise, China’s National Health Commission said on Sunday, with more than 2,000 people globally infected and 56 in China killed by the disease. National Health Commission Minister Ma Xiaowei, speaking at a press briefing, said authorities’ knowledge of the new virus was limited and they are unclear on the risks posed by mutations of the virus. Ma said the incubation period for the coronavirus can range from one to 14 days, and that the virus is infectious during incubation, which was not the case with Severe Acute Respiratory ... [...]

China says virus ability to spread getting stronger 2020-01-27T12:42:09+00:00

EUR/CAD – The Weakest of All the CAD Pairs

2019-09-17T12:44:13+00:00

When the anticipated supply of something goes down, the price usually goes up. Such is the case with oil as a result of the attack over the weekend on Saudi Arabia’s largest faciality. Because of the attack, the anticipated supply of oil went down, causing prices to go up. If the price of oil is going up, the price of a currency of other oil exporting countries usually will go up as well. Canada is an oil export led economy. When the price of crude oil goes up, generally, the price of the Canadian Dollar will as well. Today, the Canadian [...]

EUR/CAD – The Weakest of All the CAD Pairs 2019-09-17T12:44:13+00:00

Construction Work Done, Australia, Preliminary, Jun 2019

2019-08-28T10:46:35+00:00

The trend estimate for total construction work done fell 2.7% in the June quarter 2019. • The seasonally adjusted estimate for total construction work done fell 3.8% to $48,778.0m in the June quarter. BUILDING WORK DONE • The trend estimate for total building work done fell 2.2% in the June quarter 2019. • The trend estimate for non-residential building work done fell 0.8% and residential building work fell 3.0%. • The seasonally adjusted estimate of total building work done fell 5.7% to $28,506.2m in the June quarter. ENGINEERING WORK DONE • The trend estimate for engineering work done fell 3.1% in [...]

Construction Work Done, Australia, Preliminary, Jun 2019 2019-08-28T10:46:35+00:00

Daily Forex Technical Strategy (Thurs 25 Jul)

2019-07-25T13:14:23+00:00

EUR/USD – 1.1200 key short-term resistance to watch ahead of ECB. Printed a marginal new “lower low” at 1.1126 in yesterday, 24 Jul European session, the pair has stared to consolidated in a tight range of 28 pips within a minor “Symmetrical Triangle” configuration ahead of ECB’s monetary policy decision out today later at 1230 GMT. Overall, the short-term impulsive down move sequence in place since 25 Jun 2019 high remains intact (click here to recap previous report), maintain bearish bias in any bounces below 1.1200 key short-term pivotal resistance for a push down to retest 1.1120 before targeting the next [...]

Daily Forex Technical Strategy (Thurs 25 Jul) 2019-07-25T13:14:23+00:00

AUD/USD Downtrend at Support Before RBA Speech, Tesla Shares Sink

2019-07-25T13:13:54+00:00

The past 24 hours were a choppy session, with varied performance in FX and equities ahead of key economic event risks such as the ECB and US GDP. Markets had to contend with mixed US earnings and data. While the S&P 500 ended the day 0.47% to the upside, the industrial-heavy Dow Jones fell almost 0.3% as it was weighed by Caterpillar Inc. (-4.48%) and Boeing shares (-3.12%) after earnings reports. The former noted rising material costs such as tariffs while the latter confronted the possibility of halting production of a version of its popular aircraft series, the 737 Max. Meanwhile, [...]

AUD/USD Downtrend at Support Before RBA Speech, Tesla Shares Sink 2019-07-25T13:13:54+00:00