Blogs

<p>STOCKS The price action in the global equity indices indicates lack strength and lack of confidence in the market. Dow has come-off sharply from the day’s high giving back all the gains indicating the absence of strong follow-through buying. Nikkei and Shanghai sustains higher but lacks momentum. DAX has broken its range on the upside [&he

<p>Key Highlights Gold price is back above the $1,620 and $1,640 resistance levels. There was a break above a contracting triangle with resistance near $1,605 on the 4-hours chart of XAU/USD. Key hurdles on the upsides are near $1,680 and $1,700. EUR/USD and GBP/USD are trading above key supports (1.0750 and 1.2100 respectively). Gold Price [

<p>The current routine in the markets is to trade around various coronavirus statistics, but there’s an underlying flaw in that thinking. (More below). AUD was the top performer on Tuesday, while USD lagged. Ashraf posted the weekly Premium Video, highlighting why the 1929 analog for indices may no longer be working as a comparable mode

<p>As countries seem to have done nearly all they can to stop the spread of the coronavirus and its economic fallout, traders sit and wait. They wait for the number of daily new infected cases and they wait for the daily new number of deaths. If these numbers are decreasing, traders begin to expect a […]

<p>Yesterday, the Norwegian Health Minister, Bent Hoeie, said that the coronavirus is “under control” in Norway and that “a person carrying the novel coronavirus in Norway contaminates now on average 0.7 other individuals.” Before lockdown restrictions were implemented, the average was 2.5 to other individuals. Good news for the Norwegian Kro

Denmark Trade Balance down to 10.5B in February from previous 11.3B

Denmark Current Account fell from previous 16.8B to 16.4B in February

Norway Producer Price Index (YoY) fell from previous -7.4% to -12.6% in March

Norway Consumer Price Index (YoY) below expectations (0.8%) in March: Actual (0.7%)

Norway Consumer Price Index (MoM) came in at 0%, below expectations (0.2%) in March