Blogs

<p>For the 24 hours to 23:00 GMT, the USD rose 0.86% against the CHF and closed at 0.9721. In the Asian session, at GMT0300, the pair is trading at 0.9719, with the USD trading marginally lower against the CHF from yesterday’s close. The pair is expected to find support at 0.9691, and a fall through […]

<p>For the 24 hours to 23:00 GMT, the USD rose 7.48% against the CAD and closed at 1.4018. On the data front, Canada’s seasonally adjusted housing starts dropped to 195.2K in March, less than market forecast for a fall to a level of 180.0K and compared to a revised reading of 210.6K in the prior […]

<p>For the 24 hours to 23:00 GMT, Gold marginally declined against the USD and closed at USD1678.50 per ounce. In the Asian session, at GMT0300, the pair is trading at 1682.70, with gold trading 0.25% higher against the USD from yesterday’s close, ahead of the US weekly jobless claims report. The pair is expected to […]

<p>For the 24 hours to 23:00 GMT, Crude Oil rose 6.25% against the USD and closed at USD26.18 per barrel, amid hopes of production cut by Saudi Arabia and Russia. Additionally, the Energy Information Administration (EIA) reported that crude oil production fell by 600,000 barrels to 12.4 million barrels in the week ended 3 April […]

<p>Today’s OPEC+++ meeting and the US Jobless Claims data are the all-consuming focus of financial markets today, leaving Asian markets treading water this morning. If anyone needed a lesson that markets tend to see what they want to see and ignore what doesn’t fit the narrative, one only needs to look at the overnight official [&

<p>Short Term Elliott Wave View suggests AUDJPY rally from March 19 low shows incomplete sequence favoring more upside. The rally is currently unfolding as a double three structure. Up from March 19 low, wave (W) ended at 67.7 and pullback in wave (X) ended at 64.37. Internal of wave (X) unfolded as a zigzag where […]

<p>In the emergency Federal Open Market Committee’s (FOMC) meeting that took place on March 15th, participants judged that it would be appropriate to lower the federal funds rate by 100 basis points to 0 to 0.25% in response to economic challenges presented by the coronavirus. There was unanimous agreement that the “effects of the

<p>Key Highlights AUD/USD recovered nicely above the 0.6000 pivot area. Recently, there was a break above a declining channel with resistance near 0.6080 on the 4-hours chart. NZD/USD is also showing a few positive signs above the 0.5900 support area. The US Initial Jobless Claims for the week ending April 04, 2020 could decline from [&hellip

<p>STOCKS Global indices manage to sustain higher and keeps alive the chances of seeing a rise in the near-term although there seems to be lack of strength and confidence. Dow has bounced again and keeps alive the chances of a near-term rise. DAX seems to lack strength but can rise if it manages to sustain […]

The government may relax some lockdown measures by the end of April, said the Italian Prime Minister (PM) Giuseppe Conte in an interview with BBC News