Blogs

<p>For the 24 hours to 23:00 GMT, the EUR declined 0.38% against the USD and closed at 1.0780. On the macro front, Euro-zone’s Markit manufacturing PMI dropped to 33.6 in April, due to the measures taken to contain the spread of coronavirus and hitting its lowest level in 134 months. In the prior month, the […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 5.17% against the USD and closed at 1.2354. On the data front, UK’s public sector net borrowing deficit widened to £2.33 billion in March, compared to a revised deficit of £0.07 billion in the previous month. Additionally, the Markit manufacturing PMI dropped to 32.9 in […]

<p>For the 24 hours to 23:00 GMT, the USD declined 2.33% against the JPY and closed at 107.58. On the data front, Japan’s coincident index fell to 95.5 in February, compared to a revised level of 95.7 in the prior month. The preliminary figures had indicated a rise to 95.8. Meanwhile, the leading economic index […]

The headline German IFO Business Climate Index came in at 74.3 in April, weaker than last month's 80.0 and missing the consensus estimates pointing to

The USD/CAD pair was last seen trading near the top end of its daily trading range, with bulls looking to extend the momentum beyond the 1.4100 round-

EU summit did not become an all-nighter, which already suggests the heated discussions on matters that most divide the member countries were left for

The JP Morgan analysts believe that the global economy is likely to see a U-shaped recovery amid the coronavirus outbreak led deep contraction expecte

The US Dollar Index can't seem to trade sustainably below 100 for a hot minute, even though volatility has eased in multiple markets, strategists at W

Traders increased their open interest positions for the second straight session on Thursday, this time by around 1.8K contracts in light of advanced d

Last Friday, Russia’s central-bank Governor Nabiullina explicitly said that a rate cut will be the main option that the CBR will today, per Rabobank.