Blogs

<h2>Eurzozone Factory Activity Rebounding</h2> <p>On the back of the heavy downtrend in data seen over the last two months, there are finally some positive signs emerging in the Eurozone. The flash manufacturing PMI for May rose to 39.5 from the prior month’s record low of 33. The reading, which was also higher than the 38 [&helli

<h2>Oil Demand Continues To Rise</h2> <p>The oil market has seen a further recovery this week amidst a broad pickup in risk sentiment as global stay-at-home measures continue to ease. Parts of America have been re-opening over recent days as well as some European countries, fuelling hopes of a return to normality as more businesse

<h2><span>Daily Market Outlook, May 21, 2020 </span></h2> <p><span><strong>Risk tone in the Asian market was mixed after gains earlier in the week. That followed tweets from President Trump accusing China of a “disinformation and propaganda attack” on the US and Europe</strong>. </span></p>

<p>NZDJPY Daily Outlook &#8211; On Wednesday we found out that Canada recorded negative annual inflation rate for the first time since 2009, Euro zone April inflation revised down to nearly four-year low, and the UK inflation slumped to lowest since 2016 as coronavirus hits.</p> <p>On Thursday we’ll be looking at the US Markit

<p><span>Stocks in Asia went lower even after the rally in their U.S. counterpart on Wednesday night. The U.S. Senate passed a bill that could bar some Chinese companies from listing on American exchanges. The FOMC minutes have shown that the Fed officials acknowledged the severe economic threat posted by the coronavirus and were also c

<h2><span>Chart of the Day XAUUSD (Gold)</span></h2> <p><span>XAUUSD (Gold) momentum divergence to be addressed – Probable Price Path</span></p> <p><span>Gold firmed on Wednesday buoyed by rising demand for safe-haven investments, as the extent of damage from the coronavirus became m

<p>U.S. Review Wait and See The re-opening of the country is getting underway, with all 50 states starting to roll back restrictions. It remains too early to assess the effect of the re-opening on coronavirus case growth, which continues to slow in a fairly broad-based manner, despite an impressive—albeit late-inthe- game—ramp-up in testing.

<p>U.S. Highlights Stock markets were in an optimistic mood heading into the Memorial Day weekend, although the economic data continues to be atrocious. Jobless claims data suggest that more job losses are coming in May. More concrete good news came from Germany and France, who announced joint support for a proposal to create a coordinated [&

<p>The past week continued to highlight some green shoots in economic data for May – not itself surprising given the increasing number of regions/countries beginning to ease COVID-19 containment measures. The early round of PMI measures for May generally were less-bad than in April, although still flagging a historically soft level of activit

<p>Brewing geopolitical risks helped investors take some risk off the table heading into the long weekend. The dollar rallied against most of its peers as tensions remain front and center for the world’s two largest economies. Renewed unrest in Hong Kong will continue to weigh on the overall outlook as Western nations contemplate how to