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AUD/JPY: Recovery stalls after China inflation data
AUD/JPY trades at 76.46 versus 76.11 in early Asia.
China's factory-gate deflation eased in August but fails to draw bids for the AUD.
Risk-off looks to be capping the upside in the AUD/JPY pair.
AUD/JPY is struggling to draw bids despite signs of easing in factory-gate deflation in China.
The
RBNZ's Ha: Negative rate decision contingent on the health of the economy
Reserve Bank of New Zealand Chief Economist Ha has argued that there is reasonably strong evidence internationally that negative rates help in stimulating credit demand.
Key notes
Negative rate decision contingent on the health of the economy; if and when the time comes we have those tool available
Week ahead commodity report: Gold and silver price forecast – Where are prices heading next? [Video]
Gold rose 1% on Monday as the dollar eased, with focus on the release of U.S. Federal Reserve minutes later this week.
The minutes from the Fed's last policy meeting are due on Wednesday, with focus on any hints of a possible change to its guidance at its next review in September.
Gold has risen 30
Rupee opens higher as the dollar index weakens to a twenty seven month low
US GDP contracted 32.9% in Q2 (Apr-Jun) in annualized terms. It was the sharpest contraction ever recorded. However, the consensus estimate itself was -34.5% and the market had largely factored this in.
The markets were spooked by the Jobless claims rising by more than expected I.e. 1.4mn. Continui
Can gold prices hold above $1,900? [Video]
Gold prices surged within striking distance of $2,000 for the first time ever in history – reaching a new all-time record high of $1,980 an ounce on Tuesday. Gold is now up more than 30%, so far this year, making it one of the best-performing asset-class of 2020. The biggest market-moving event, t
Pull-up Update
