RBNZ will launch a bond purchasing program of up to NZ$30 billion, buying multi-year bonds over the next 12 months and NZ$500 million this week. View more

After a weekend, the investment market is increasingly worried that the global economy will experience a severe recession or even a depression. Most analysts now believe that the global economy will experience double-digit decline in the second quarter. This week, global investors will pay attention to whether the stimulus measures taken by governments can boost the market confidence. View more

Oil prices have rebounded from 18 years low as countries around the world have implemented more fiscal and monetary stimulus measures to provide more support for the economic recovery and thus improving the outlook of crude oil demand. In addition, US President Trump said that the United States will intervene the price war between Saudi Arabia and Russia at an appropriate time. Those factors strongly support the oil market in this emotional condition. View more

In the Asian session on Thursday, the Reserve Bank of Australia held an emergency meeting, announcing another 25 basis point cut in interest rates, to a record low of 0.25%. The RBA said it will not raise interest rates until full employment is achieved and progress has been made on inflation. View more

The dollar continued to soar on Wednesday, hitting highs against several major currencies, including the Pound, the Australian dollar and the New Zealand dollar. The dollar index rose to 101.74, the highest level since March 2017. View more

In response to the spread of the virus, the European Union announced that it would close its borders for 30 days and ban non-EU citizens entering. European Commission President Von Delane said further measures could not be ruled out. More than 61,000 people have been diagnosed with the new coronavirus in Europe, with Italy having the most severe outbreak. Some analysts believe that in addition to hitting the already fragile Eurozone economy, the epidemic will likely trigger a debt crisis again in the Eurozone . View more

With the global financial market turbulence, silver, one of the commodities, also collapsed. Although gold also fell as much as 250 US dollars from the top, the gold/silver ratio rose to 123 level, a record high. View more

Oil prices fell in the Asian session on Wednesday, trading around the four-year low. WTI is trading below $27 level while BRENT is trading below $30. Investors are still worried about the global outbreaks of the coronavirus, making a severe impact on global economic performance and the demand for energy. View more

After the European market open, the US Oil was trading above $30 level. With the recent collapse of the stock market and the “oil price war” led by Saudi Arabia, selling pressure of the oil prices was not as strong as expected. Many central banks, governments and international organizations have jointly launched stimulus policies, which will have a certain stabilizing effect on the oil market, lead to consolidation. View more

As a safe-haven traditionally, gold fell for several trading days already, even the new coronavirus pandemic caused a big drop in global stock markets. It is reported that investors sold their gold holdings to cover cash losses incurred elsewhere. View more