UK’s Sunak: Will set out next stage of economic response in March 0 (0)

Comments by UK finance minister, Rishi Sunak
– March budget will be excellent opportunity to take stock
– Will lay out next steps on virus support measures at March budget
This follows the earlier of additional grants totaling £4.6 billion to aid businesses amid the third national lockdown in the UK.

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Heads up: UK PM Johnson to hold media conference later today at 1700 GMT 0 (0)

Boris Johnson to brief the media later in the day
I don’t think much else needs to be said following the national lockdown announcement yesterday . But we’ll see what else Johnson has in store for the public as the UK begins the seven-week lockdown; restrictions set to be reviewed next on 15 February.

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Gold stays buoyed to start the new year 0 (0)

Gold held off the dollar advance from yesterday and stays in a good spot above $1,940 in trading today
A surge in ETFs was part of the reason bolstering gold to start the new year, as holdings in SPDR Gold Shares increased by 1.5% – the biggest daily jump since September.
That shows that real money flows

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ECB’s de Cos: We can use full PEPP envelope or increase it if required 0 (0)

Comments by ECB policymaker, Pablo Hernandez de Cos
– Would not need full PEPP envelope if financial conditions persist
– Yield curve control is an option worth exploring
One of the less talked about issues as we start the new year is the divide among ECB policymakers at their last meeting in December.

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Tokyo asks residents to refrain from non-urgent, non-essential outings after 8pm local time 0 (0)

The Tokyo metropolitan government has also asked bars and restaurants to close at 8pm local time
This confirms the earlier message by the central government today . Adding to this, Tokyo has asked for schools to remain open while taking precautionary measures. This pretty much sets the stage for the state of emergency announcement later in

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USD/JPY extends drop under 103.00 as dollar eases further on the session 0 (0)

USD/JPY trades to its lowest levels since March last year
Looking at the chart, the drop below the 17 December low now leaves little in the way of a push towards testing 102.00 next. The capitulation in the pair back in March last year failed to hold a daily close below the figure level, so that

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