These countries talked down on developing ones when they subsidize anything for their population, but they do not blink an eye when it is time to step in during crisis Whichever way it is looked at, these are subsidies as well

Mnuchin says GOP plan for unemployment extension will be based on '70% wage replacement'

It a cycle, was as high as 1.3186 early March 2020 and went as low as 1.1420 less than 10 days later. The cycle continues, it has clawed back over 1,400 pips since that fall.

The RBA has directed the Australian government to spend its way out of the crisis, but warns...

There may be a trap here where some of the EU nations may eventually lose their soverignity when their exposure can never be repaid. Who knows if that is not part of the scheme of things

Positive risk taking hold once more amidst EU Recovery Fund agreement

Will likely bounce from 94.60 region which was the low in March 2020 before a big bounce. Sometimes these supports acts like magnet with the 2 poles functioning. It may be attracted to 94.60 and also repelled (bounce) immediately.

USD Index in Focus: Is There An End to the US Dollar Selloff?

Going by the calendar, he is meant to talk in 15 minutes, where is the speech from

BOE's Haldane says inflation should pick up next year

We like sensationalizing news, what is EUR near 4 months high? Euro touched 1.1420 last month, June 2020, (about 5 weeks ago, June 9/10th to be precise) It has not even taken out the June high and you are talking about 4 months high. Obviously, your ...

Euro Nears 4 Month Highs, CAD Rate Decision

But they were thinkering with reducing VAT rate sometime back. VAT is a wider range TAX and more effective, unless you want to tax some section of the economy more.

Coronavirus: Britain faces tax rises or spending cuts, OBR warns

Month end, 2nd quarter end and half year positioning

EU Finance Negotiator Rejects U.K. Plans for Post-Brexit Banking

The answer is obvious, when the world is in turmoil, we look to the Professors or their products/students for solution (like in the case of COVID-19, Kardashians were also hoping that the Professors and their professional lineage will save the ...

Kim Kardashian's Beauty Biz Reaches Billion-Dollar Status with $200M Deal

The reality is that it is not a surge, but a recovery. If we had negative 17% last month, an increase of 15.8% this month is still lower than what we lost.

Breaking: US Durable Goods Orders surge by 15.8% in May

How will this be funded, more than the GDP of several countries. This is bigger than White Elephant projects, £450b ie just a big joke, and for 38 guests makes it more ridiculous.

The £450 billion yacht

There has to be a limit to these Helicopter money being shared as long as the country is heavily indebted. The normal push and shove on Credit Limit seems to be thing of the past, may be it is now 'No Limit' This might in a way revive an industry, ...

A new GOP bill would give each taxpayer $4,000 to take a vacation anywhere in the US through...

This should be good for GBP in the short term. When QE is increased, the currency falls, now that exit strategy is being considered, should be cause for increase value. Brexit is the monster in the room

Bank of England Wants to Remove the QE Punch Bowl

It is not even at a 6 month high, it was as high as 0.6750 against USD in December 2019 (31st Dec), so it is may be too high.

RBNZ meeting: Talking down the kiwi?

The forecast of Assets Purchase is a probable increase of £100b, while your forecast voting pattern is 0-9-0 with the middle number representing those that are voting for a decrease. How is the forecasted £100b coming if all the members are voting ...

Bank of England expected to expand bond buying, but it’s wait-and-see on negative rates

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...