<p>For the 24 hours to 23:00 GMT, the GBP declined 11.09% against the USD and closed at 1.1583 on Friday. On the data front, UK’s public sector net borrowing posted a surplus of £0.39 billion in February, confounding market expectations for a deficit of £0.85 billion and compared to a revised surplus of £12.43 billion […]

CME Group’s flash readings for JPY futures markets noted open interest reversed four declines in a row and increased by around 27.1K contracts on Frid

<p>Key Highlights EUR/USD started a strong decline below the 1.0850 and 1.0750 support levels. A key bearish trend line is forming resistance near 1.0865 on the 4-hours chart. GBP/USD also fell significantly below 1.1600 and gold price retested $1,475. The US Existing Home Sales could increase 0.7% in for Feb 2020 (MoM). EUR/USD Technical Ana

<p>STOCKS The movement in the equity segment will need a close watch this week. Dow has to sustain above 19000 to avoid a fall to 18000. However, we would be looking for it to bounce from 18000 as it is a strong support. DAX, Nifty and Sensex have bounced from their crucial supports and need […]

<p>The RBNZ plans to purchase up to $30bn of government bonds over the next year, to soften the impact of the Covid-19 outbreak and keep longer-term interest rates under control. First Impressions: RBNZ begins large-scale government bond purchases This morning the Reserve Bank of New Zealand announced that it will begin large-scale purchases

<p>Wall Street closed out last week with some optimism, US stocks were showing signs of stabilizing, hopes were high that Congress learned lessons from the Global Financial Crisis that would suggest bipartisanship would deliver a swift response in getting a stimulus agreement done. Global equities got off to another terrible start after Democ

<p>EUR/USD Current level – 1.0742 After dropping two and a half figures and reaching levels of 1.0652, today a minor correction started to develop. Expectations are that the retracement will be limited both in volume and duration and that the dollar will again strengthen its positions against the euro. First support is the bottom from [

<p>For the 24 hours to 23:00 GMT, Crude Oil declined 5.09% against the USD and closed at USD 23.66 per barrel on Friday, as economic stimulus plans from government worldwide failed to ease concerns about the economic impact of coronavirus on oil demand and as Saudi Arabia and Russia oversupplied the market. Separately, Baker Hughes […]

<p>For the 24 hours to 23:00 GMT, Silver rose 3.06% against the USD and closed at USD12.48 per ounce on Friday. In the Asian session, at GMT0400, the pair is trading at 12.58, with silver trading 0.84% higher against the USD from Friday’s close. The pair is expected to find support at 12.26, and a […]

Here is what you need to know on Monday, March 23: The constant increase in coronavirus cases and deaths, alongside the failure of US politicians to s