Blogs

<p>General Trend: New coronavirus cases continue to be reported in Northeast China Shanghai Composite dropped by less than 1% during morning session, financials and consumer discretionary companies are among the decliners Tencent rises over 1% in HK following earnings report, gaming firm Galaxy Entertainment declines following earnings Declin

<p>For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.0817. On the macro front, Euro-zone’s seasonally adjusted industrial production slumped 11.3% on a monthly basis in March, less than market forecast for a drop of 12.1% and compared to a fall of 0.1% in the previous month. […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 6.10% against the USD and closed at 1.2233, after UK’s economy contracted at its fastest pace since the 2008 financial crisis in the first quarter of 2020. On the data front, UK’s gross domestic product (GDP) fell 2.0% on a quarterly basis in the first […]

<p>For the 24 hours to 23:00 GMT, the USD declined 2.82% against the JPY and closed at 107.04. In the Asian session, at GMT0300, the pair is trading at 106.91, with the USD trading 0.12% lower against the JPY from yesterday’s close. The pair is expected to find support at 106.68, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the USD rose 0.88% against the CHF and closed at 0.9723. In the Asian session, at GMT0300, the pair is trading at 0.9726, with the USD trading slightly higher against the CHF from yesterday’s close. The pair is expected to find support at 0.9684, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the USD rose 8.10% against the CAD and closed at 1.4098. In the Asian session, at GMT0300, the pair is trading at 1.4090, with the USD trading 0.06% lower against the CAD from yesterday’s close. The pair is expected to find support at 1.4026, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 6.55% against the USD and closed at 0.6452. LME Copper prices declined 0.4% or $21.5/MT to $5,212.5/MT. Aluminium prices fell 0.3% or $4.0/MT to $1,439.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.6439, with the AUD trading 0.20% lower against the […]

<p>For the 24 hours to 23:00 GMT, Silver rose 0.96% against the USD and closed at USD15.77 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 15.72, with silver trading 0.35% lower against the USD from yesterday’s close. The pair is expected to find support at […]

<p>For the 24 hours to 23:00 GMT, Crude Oil rose 1.38% against the USD and closed at USD25.69 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories decreased by 0.7 million barrels to 531.5 million barrels for the week ended 08 May 2020. In the Asian session, at GMT0400, the pair […]

<p>Key Highlights Crude oil price recovered significantly above $20.00 against the US dollar. A key bearish trend line was breached near $20.80 on the daily chart of XTI/USD. The US PPI declined 1.2% in April 2020 (YoY), whereas the forecast was -0.2%. The US Initial Jobless Claims for the week ending May 9, 2020 could […]