By Chris Becker
Another sour night on overseas markets with Federal Reserve Chair Powell giving a reality check on the economic impact of COVID-19, causing a selloff across Wall Street as Chinese/US relations also took a dive. Currencies also bore the brunt of the volatility, although gold stayed true and fair to remain above $1700USD per ounce as Bitcoin accelerates back towards its pre-weekend slump highs as more and more central bank governors get behind government debt monetisation.
Today’s Australian numberwang aka labour force survey aka throwing dart at a barndoor and guess the unemployment figures will be the highlight on the economic calendar.