<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>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>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>Unemployment rate set to reach 11% by June. Economy to contract by 3.5% in June quarter. Sustained recovery not expected until Q4. Despite releasing new forecasts only last week we are now revising those forecasts in light of the current extraordinary circumstances. Our key focus has changed from the usual GDP forecast approach where a [&h

<p>Market movers today Market focus continues to be on COVID-19, policy responses and economic impact. Today we get March PMI data for the US and the euro area, which are likely to show a significant decline. Not least the service sector is set to show a very sharp drop. The G7 finance ministers and central […]

<p>Elliott Wave view in Ten Year Notes (ZN_F) suggests that it has a bullish sequence from October 2018 low, favoring more upside. Near term, rally to 140.24 ended wave I and pullback to 133.2 ended wave II. Internal of wave II unfolded as a double three Elliott Wave structure. Down from 140.24, wave ((W)) ended […]

<p>A week before the final data, the flash PMI report for Japan gives a glimpse of how the coronavirus outbreak has hurt the country’s manufacturing and services activities. The composite output index slumped to 35.8, compared with 47 in February. Sector-wise, the services index dived to 32.7 in March compared with 46.8 in February, while [&h

The USD/JPY pair failed to capitalize on the previous day's strong intraday positive move of around 200 pips, to fresh one-month tops, and witnessed s

Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currenc

Open interest in copper futures markets shrunk once again on Monday, this time by nearly 2.2K contracts in light of advanced data from CME Group. In t