Blogs

<p>Market movers today Today is rather thin in terms of economic data releases. Focus is on Norway, where we get PMI manufacturing for May and the weekly unemployment data. The ECB is set to publish details on the allocation of its PEPP programme and focus will be on the potential skew towards Italian and French […]

<p>General Trend: (US) President Trump: Deploying ‘thousands’ of armed soldiers and military personnel to Washington D.C; Will deploy military to states if local law enforcement can’t curb protests (press conference) Financial press speculates about whether the US will impose financial sanctions on China over the HK national

<p>STOCKS Asian indices remain strong. Nikkei and Shanghai have risen sharply and have room to move further higher. Sensex and Nifty are also looking strong to extend the rally in the coming days. But the Dow seems to be losing momentum as it hovers near a crucial resistance. It can consolidate in a narrow range […]

<p>Key Highlights GBP/USD started a strong increase above the 1.2350 resistance zone. There was a break above a crucial bearish trend line at 1.2335 on the 4-hours chart. The UK Manufacturing PMI increased from 40.6 to 40.7 in May 2020. The US ISM Manufacturing PMI increased from 41.5 to 43.1 in May 2020. GBP/USD Technical […]

<p>GBPUSD looks to recover further higher as it built on its past week gain during Monday trading session. Support stands at 1.2400 area with a break below that level turning focus to the 1.2350 level. Further down, support lies at the 1.2300 level where a violation will turn focus to the 1.2250 level. Below here […]

<p>On Monday, U.S. stocks managed to close higher, as investors focused on signs of U.S. economic recovery and shrugged off violent protests across the country as well as rising U.S.-China tensions. The Dow Jones Industrial Average climbed 91 points (+0.4%) to 25475, the S&P 500 added 11 points (+0.4%) to 3055 and the Nasdaq 100 [&hellip

<p>The US Dollar was bearish against all of its major pairs on Monday. On the economic data front, Markit’s US Manufacturing Purchasing Managers’ Index remained at 39.8 in the May final reading (40.0 expected), in line with the May preliminary reading. Construction Spending declined 2.9% on month in April (-7.0% expected), from a

<p>So far, the FX theme of the day is strength in the commodity dollars (CAD, AUD, and NZD) at the expense of “safe haven” currencies like the Swiss franc, Japanese yen, and US dollar. At a high level, traders are generally more confident that the developed world is finally getting a grip on the spread […]

<p>Executive Summary We have now entered the blackout period during which Fed policymakers refrain from public comment ahead of the next Federal Open Market Committee (FOMC) meeting on June 10. The FOMC has responded quickly throughout this crisis and has not stood on ceremony waiting for a scheduled meeting to introduce new policy tools. The

<p>Stocks fall as China hints at reneging on trade deal, ISM shows worst is over, US protests spread, Oil slips, Gold drops on Virus drug updates US stocks declined after Chinese government officials advised major state-run agricultural companies to pause purchases of some American farm goods. Equities quickly gave up earlier gains that stemm