Blogs

The S&P 500 has rallied with force during the trading session on Monday, as we continue to see a lot of noise out there.

The US dollar has initially tried to rally during the trading session on Monday, reaching towards the ₹76 level before giving back the gains.

Silver markets rallied significantly during the trading session on Monday, but quite frankly they have stretched far too much to continue the momentum.

Gold markets initially tried to rally during the trading session on Monday but gave back the gains to break below the $1750 level to find even more weakness later in the day.

The West Texas Intermediate Crude Oil market rallied again during the trading session on Monday, gaining over 7% at one point.

While yesterday’s news regarding a promising Covid-19 vaccine sparked risk-on sentiment, allowing the GBP/JPY to accelerate out of its support zone as demand for the safe-haven

Singapore reported a smaller trade surplus in April as compared to March, on the back of a monthly decrease in non-oil exports while posting an annualized increase.

S&P 500 slips The S&P 500 is 10 points lower shortly after the open following a 90-point rip yesterday. The 0.3% decline comes ahead of an appearance from Powell at the top of the hour in Congress (via video).

Yen soft on all fronts The yen is the laggard today after the Bank of Japan for an unscheduled meeting on Friday — likely to introduce more extraordinary policy measures.

US April housing starts data: Housing starts were down 30.2% in the month and building permits fell 20.8%. The knock on effects on housing from the virus and economic fallout are an interesting axis. It was looking like it would be a great year for US housing but now everything is uncertain. The chart of […]