Blogs

<p>For the 24 hours to 23:00 GMT, the USD rose 1.07% against the CHF and closed at 0.9741. On the data front, Switzerland’s ZEW survey expectations climbed to 12.7 in April, compared to a reading of -45.8 in the previous month. In the Asian session, at GMT0300, the pair is trading at 0.9753, with the […]

<p>For the 24 hours to 23:00 GMT, the USD rose 6.43% against the CAD and closed at 1.3881. In the Asian session, at GMT0300, the pair is trading at 1.3883, with the USD trading marginally higher against the CAD from yesterday’s close. The pair is expected to find support at 1.3848, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the AUD declined 5.19% against the USD and closed at 0.6546. LME Copper prices rose 0.3% or $14.5/MT to $5,184.0/MT. Aluminium prices declined 0.1% or $1.0/MT to $1,464.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.6538, with the AUD trading 0.12% lower against the […]

<p>For the 24 hours to 23:00 GMT, Silver rose 1.53% against the USD and closed at USD15.56 per ounce. In the Asian session, at GMT0300, the pair is trading at 15.48, with silver trading 0.55% lower against the USD from yesterday’s close. The pair is expected to find support at 15.32, and a fall through […]

<p>For the 24 hours to 23:00 GMT, Crude Oil surged 20.94% against the USD and closed at USD16.00 per barrel, after data showed that the US inventories climbed less-than-expected and amid optimism that demand for oil would rebound as some European countries and US states began easing lockdown restrictions. The Energy Information Administration

<p>FOMC continue to highlight concern over outlook. Q2 shock to be a multiple of Q1 decline. The S&P 500 initially fell almost 35% in response to COVID-19’s spread across the world and to the US. However, the index has since rallied strongly off the late-March low, gaining over 30% to be just 13% below its […]

<p>As expected, the Federal Open Market Committee (FOMC) left the federal funds rate at the effective lower bound range of 0 to ¼ percent. As it noted in its mid-March statement it &#8220;expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve […]

<p>Fed funds target range held at 0-0.25% (effective lower bound) Asset purchases and liquidity support will continue COVID-19 crisis poses considerable medium term risks The Fed made no policy changes today, having opted to announce new support measures as needed in the last two months to address the rapidly-evolving economic and financial f

<p>The AUD/USD, currently above 0.6500, continues a powerful rebound from a low marked on March 19. Overnight the U.S. Federal Reserve hinted at keeping near-zero interest rates and asset purchases for the foreseeable future. The central bank acknowledged that the coronavirus pandemic is posing a considerable risk to the medium-term outlook f

<p>STOCKS Major indices have been moving higher in line with our expectation. As we had mentioned yesterday, there is room on the upside for the indices to test their key resistances in the near-term and then can fall-back again. Dow can test 25000-26000 and then can see a fall. DAX has resistance in the 11300-11350 […]