Aust PM (Scott Morrison) has released a rather grim stats about the new restrictions on Victoria – saying that Victoria’s stage 4 lockdown would reduce the size of the economy in the Sept quarter by between $7 billion to $9 billion. Furthermore, unemployment is expected to peak at about 10%. But he

Things get heated up in the US in the battle of the Democrats vs the Republicans. Nancy Pelosi, of the house of Democrats, is pushing for the $600 extra payments to be continued until Feb. It is very clear that Trump, should he opt not to do this – would lose his standing with the people. Trump is c

Japan’s PM Shinzo Abe is coming under fire – as many opine that he should declare a second state of emergency to curtail the alarmingly large number of Covid19 resurgence cases. Abe’s approval slid to a record low of 35.4% in a poll published by JNN on Monday. USD/JPY was seen testing 105.50 amid br

AUSTRALIA - Trade Surplus missed expectations by a big margin. Exports rose 2.4% and imports increased by 1%. Retail sales growth for June has been revised higher to 2.7%. However, AUD/USD fails to draw birds despite the rebound in exports and continues to trade in the red near 0.7155.

Anyone else bullish on this pairing as well - would love to trade notes! PM me:)

Overall, encouraged by the positive result - although small. Looking for similar opportunities in this new trading week.