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<p>For the 24 hours to 23:00 GMT, Crude Oil rose 8.50 % against the USD and closed at USD33.3 per barrel, amid encouraging results from an experimental COVID-19 vaccine and optimism that resumption in economic activity would revive oil demand. In the Asian session, at GMT0300, the pair is trading at 32.38, with oil trading […]

<p>Spot gold marked a day high near $1,765 before closing down 0.6% at $1,733 yesterday, as coronavirus vaccine hopes dampened safe-haven demand. U.S. biotech firm Moderna announced positive results for a coronavirus vaccine trial, which could be a key turning point for the current health crisis. As gold price closed still below its April hig

<p>STOCKS The news of positive outcome of the phase one test on Cornona Virus vaccine has triggered a strong surge in equities. While there is room on the upside for the major indices like the Dow, DAX and Nikkei, crucial resistances are coming up for them which will need a close watch. 24700-25000 on Dow, […]

<p>Key Highlights GBP/USD extended its decline below 1.2200 and traded close to 1.2075. A major bearish trend line is forming with resistance near 1.2220 on the 4-hours chart. The UK Claimant count could change 150K in April 2020, a lot more than the last 12.1K. The ILO Unemployment rate is likely to rise from 4% […]

The ZEW will release its German Economic Sentiment Index and the Current Situation Index at 0900 GMT in the EU session later today, reflecting institu

EUR/CHF’s swift bounce off the 1.0509/05 April and current May lows has taken it back to the 1.0653 late March high, as Commerzbank’s Axel Rudolph not

A continued pick-up in economic activity in China is likely to keep sentiment positive as Crude Oil prices extended recent gains amid hopes of a viabl

Lower global demand amid deep recessions in the US, euro area and other G10 economies is likely to weigh on Vietnam’s growth in 2020, according to eco

Commenting on the UK labor market report released in the last hour, the British Work and Pensions Secretary Therese Coffey said, “we don't have the fu

In opinion of FX Strategists at UOB Group, the recovery in NZD/USD still faces strong resistance in the 0.6120 region. Key Quotes 24-hour view: “The s