Blogs

<p>For the 24 hours to 23:00 GMT, the AUD declined 12.20% against the USD and closed at 0.6062. LME Copper prices rose 1.0% or $49.5/MT to $4,821.5/MT. Aluminium prices declined 1.0% or $15.0/MT to $1,448.5/MT. In the Asian session, at GMT0300, the pair is trading at 0.6065, with the AUD trading 0.05% higher against the […]

<p>For the 24 hours to 23:00 GMT, Gold rose 1.92% against the USD and closed at USD1638.10 per ounce, as a surge in US initial jobless claims increased demand for the safe haven asset. In the Asian session, at GMT0300, the pair is trading at 1635.0, with gold trading 0.19% lower against the USD from […]

<p>For the 24 hours to 23:00 GMT, Crude Oil rose 17.26% against the USD and closed at USD24.86 per barrel, after the US President, Donald Trump stated that he expects Saudi Arabia and Russia to reach a deal on oil production cut. In the Asian session, at GMT0300, the pair is trading at 24.40, with […]

<p>General Trend: Oil prices decline by over 5% in Asia after rising over 20% on Thursday (US) President Trump: Saudi Arabia and Russia may cut oil production by more than 10M barrels/day, hopes Russia and Saudi Arabia will make a deal to cut production by 15Mbpd; US has made no concessions to Russia or Saudi […]

<p>STOCKS Global equity indices look mixed. Dow will need a close watch to see if it can sustain above 21000 or not. Following the weak jobless claims data yesterday, the non-farm payroll (NFP) and unemployment numbers to be released today will be very important that can weigh high on the Dow. Similarly, DAX needs to […]

<p>Key Highlights USD/JPY is slowly moving into a bearish zone and trading below 108.00. There is a key support near 106.50, below which the pair could accelerate its decline. The US Initial Jobless Claims increased to 6648K in the week ending March 28, 2020. The US nonfarm payrolls could decline 100K in March 2020. USD/JPY […]

<p>Key insights from the week that was. With respect to COVID-19, a stark contrast has become evident between China and the US this week. Having controlled the virus’ spread, China is now getting back to work. Meanwhile in the US, unemployment is rising rapidly as the economy shuts down in response to the virus. A […]

<p>Since March 9th, WTI Crude Oil and Brent Oil have been falling at a rapid pace, initially as Russia had scoffed at OPEC regarding an oil supply cut, and later as Saudi Arabia decided they would begin to pump as much oil as possible. Price had dropped as much as 55% in March, briefly trading […]

<p>EURUSD faces risk of further move lower following its second day of declines today. Resistance comes in at the 1.0900 where a break will turn risk to the 1.0950 level. A breach above here will target the 1.10000 level. Further up, resistance stands at the 1.1050. Conversely, on the downside, support comes in at 1.0800 […]

Germany Markit PMI Composite registered at 35, below expectations (36.8) in March