Blogs

<p>For the 24 hours to 23:00 GMT, the GBP declined 5.97% against the USD and closed at 1.2250. On the data front, UK’s ILO unemployment rate unexpectedly dropped to 3.9% in three months ended March, compared to 4.0% in the previous month. Meanwhile, average earnings including bonus climbed 2.4% on an annual basis in the […]

<p>For the 24 hours to 23:00 GMT, the USD declined 2.09% against the JPY and closed at 107.85. On the data front, Japan’s industrial production slid 3.7% on a monthly basis in March, compared to a decline of 0.3% in the previous month. The preliminary figures had recorded a fall of 3.7%. In the Asian […]

<p>For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CHF and closed at 0.9715. In the Asian session, at GMT0300, the pair is trading at 0.9702, with the USD trading 0.13% lower against the CHF from yesterday’s close. The pair is expected to find support at 0.9690, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the USD rose 6.88% against the CAD and closed at 1.3939. In the Asian session, at GMT0300, the pair is trading at 1.3935, with the USD trading marginally lower against the CAD from yesterday’s close. The pair is expected to find support at 1.3878, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 5.32% against the USD and closed at 0.6537. LME Copper prices rose 1.2% or $64.5/MT to $5,314.0/MT. Aluminium prices climbed 1.6% or $22.5/MT to $1,464.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.6542, with the AUD trading 0.08% higher against the […]

<p>For the 24 hours to 23:00 GMT, Gold rose 0.74% against the USD and closed at USD1748.30 per ounce, amid fears of prolonged global recession and massive stimulus measures from central banks. In the Asian session, at GMT0300, the pair is trading at 1753.50, with gold trading 0.30% higher against the USD from yesterday’s close. […]

<p>For the 24 hours to 23:00 GMT, Silver rose 2.41% against the USD and closed at USD17.86 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 18.06, with silver trading 1.12% higher against the USD from yesterday’s close. The pair is expected to find support at […]

<p>STOCKS The resistances on the Dow (24700-25000) and DAX (11200-11350) that we had mentioned yesterday are holding well as of now. Unless these resistances are breached, the indices are likely to continue their sideways consolidation for some more time. Nikkei sustains higher and have room to move up in the near-term. Shanghai can remain st

<p>Executive Summary Japan’s first quarter GDP fell less than expected, although there were some concerning elements in the details of the report. Private sector activity was particularly weak, while we note that leading indicators are consistent with a much sharper decline in GDP in the second quarter. So far, the Bank of Japan has made [&he

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, remains within a rangebound scenario in the mid-99.00s for