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<p>General Trend: Softbank rises over 15% after gaining over 18% on prior session, on Monday the co. announced its buyback and debt reduction plan Japanese sectors gaining include Real Estate, Banks, Securities and Electric Appliances Kospi rises over 6% after over 5% losses seen on Monday, South Korea disclosed the details related to the pre

<p>Key Highlights GBP/USD declined heavily below 1.2000 and 1.1800. A major bearish trend line is forming resistance near 1.2060 on the 4-hours chart. The UK Manufacturing PMI is likely to dive to 45.0 from 51.7 in March 2020 (Prelim). The US Manufacturing PMI might slide to 43.0 from 50.7 in March 2020 (Prelim). GBP/USD Technical […]

<p>STOCKS The US Federal Reserve’s move to improve the credit flow and increase the asset purchases have failed to cheer the US equities. The Dow has declined below 19000 and has room to fall further. However, the Asians are trading in green today. Nikkei has bounced well from a crucial support and has high chances […]

<p>Global equities are edging higher following Monday’s drop as investors weigh optimism that intensifying global lockdown efforts along with historic stimulus efforts paint a positive outlook for a U-shaped recovery possibly later this year. While US equities did open the week limit down, Monday trade did not see the need for circuit b

<p>Tomorrow, preliminary Purchasing Managers’ Indexes (PMIs) will be released globally. This will be the world’s first significant economic data since the coronavirus has gone global. According to Investopedia, the PMI is an index of the prevailing direction of economic trends in the manufacturing and service sectors. A reading of above 50 re

<p>The US Federal Reserve took exhaustive measures today help provide more stimulus to a world economy which everyday seems to be on the brink of collapse. Today’s measures aim to pump US Dollars into the system, as firms around the world scramble to secure funds for simple everyday operations, among other things. One of the […]

CME Group’s flash readings for crude oil futures markets noted traders added around 10.1K contracts on Monday, marking the second build in a row. On t

Unemployment rate is set to reach 11% by June and the Australian economy is expected to contract by 3.5% in June, Bill Evans, a Chief Economist at We

In opinion of FX Strategists at UOB Group, the downside pressure in AUD/USD is expected to mitigate on a break above the 0.60 level. Key Quotes 24-hou

The selling bias around the greenback remained unabated through the early European session and lifted the AUD/USD pair further beyond mid-0.5900s, or