The market broke above the 2800 figure. The bullish recovery remains intact as bulls are eying the 2850 and 2900 levels as initial targets. Support is seen n
Blogs
US Dollar Index trims gains post-data, near 100.40
The greenback keeps the positive stance on Thursday, although it is now trading off daily/weekly highs around 100.70 when tracked by the US Dollar Ind
USD/INR Price Analysis: Greenback eases from record highs vs. Indian rupee
USD/INR breaks below the 76.50 support as the greenback is easing vs. the Indian rupee. The spot is pulling back down and could reach the 75.50 as immediate su
US: New Home Sales declined by 15.4% in March to 627K
New Home Sales in the US declined by 15.4% in March to bring the annual rate down to 627,000, the data published jointly by the US Census Bureau and t
EUR/PLN: Reigniting the bullish momentum – Rabobank
Analysts at Rabobank have seen their bullish bias on the EUR/PLN reinforced by the latest data released. The pair is trading at 4.5427. Key quotes “Th
Nigeria: Oil and coronavirus containment will drive GDP trajectory – Standard Chartered
Nigeria’s planned oil production cuts would drag real GDP growth to negative levels in 2020, economists at Standard Chartered Banks apprise. USD/NGN i
Wall Street clings to early gains despite dismal PMI data
Wall Street's main indexes started the day in the positive territory on Thursday supported by rising energy shares on recovering crude oil prices. As
USD/CAD weakens further below 1.4100 mark, fresh session lows
The USD/CAD pair finally broke down of its daily consolidation phase and dropped to fresh session lows, further below the 1.4100 mark in the last hour
France: A grim end to a success story – Rabobank
In recent years, the French economy showed consistent economic growth helped by a growing world economy, and strong domestic demand. As is the case fo
Breaking: US Markit Manufacturing PMI slumps to 36.9 vs. 38 expected
The economic activity in the US manufacturing sector is expected to contract at a strong pace in April with the IHS Markit's Manufacturing Purchasing