The sell-off in US and European markets lost pace despite less than ideal economic data, with major indices closing the day on a positive note. Nasdaq (+1.66%) stood out again, as demand in technology stocks remained strong. Biotech jumped 4...
WTI crude slipped below the $20 a barrel for the first time in a move that has been more sustainable than we have seen previously, after the IEA said that the global oil demand will slump 9% this year, meanwhile the oil storage will be full by mid-2020...
Global risk appetite deteriorates as ugly economic data added to weak bank earnings confirm that a sizeable recession is knocking on the door...
US stock indices extended gains on Tuesday. The S&P500 gained 3.06% and Nasdaq rallied 3.95% as technology stocks led gains. Big banks were among the worst performers of the New York session, followed by energy stocks...
Gold started the week with a heavy rise in demand. The price of an ounce cleared the $1700 offers as investors piled into the precious metal in preparation for potentially hectic price moves over the coming days and weeks. US treasuries remain bid, with the 10-year US treasury yield below the 0...
Asian equities kicked off the week on a mostly positive note on the back of encouraging trade data in China. Chinese exports fell 6.6% in March versus a 14% slump expected by analysts and a 17.2% decline recorded a month earlier. Imports retreated 0.9% y-o-y during the same month versus -9...
The overseas change market (often known as foreign exchange, FX or the forex market) is an over-the-counter (OTC) international market that determines the change price for currencies worldwide. Individuals are capable of purchase, promote, change and speculate on currencies...
According to a top German research institute, the German economy may slow by a record 9.8% in the second quarter and Europe’s growth engine could print a 4.2% contraction this year...
One major risk to the market calm this week is Thursday’s virtual meeting between Saudi and Russia...
The US indices rallied past 3% before reversing gains on Tuesday, and closed the session a touch below zero. The US treasury yields were offered, the US 10-year yield rebounded to 0.73% and the dollar softened...
In the currency markets, the AUDUSD traded past the 0.6150 as the Reserve Bank of Australia (RBA) maintained its interest rates unchanged at the historical low of 0.25% at today’s monetary policy meeting. The EURUSD fluctuated within a 30-pip range around the 1.08 level...
The US stock indices kicked off the week with a bang, with three major indices rallying more than 7% at Monday’s session as news that the new coronavirus cases in some of the world’s hotspots such as New York, Spain, Italy and France are plateauing...
In the currency markets, the shock on US jobs figures fueled USD purchases on Friday, but the greenback is softer on a slightly improved risk appetite this morning. The EURUSD traded a touch above the 1.08 handle...
In the currency markets, the US dollar defines the overall direction for all. And the greenback remains strong as the risk-off behaviour reigns. Due today, the US nonfarm payrolls are expected to unveil 100’000 job losses in March...
Eyes on US NFPs after tragic jobless claims data. UK’s services PMI could be revised lower. The US jobless claims shot up by 6.6 million last week, as businesses stopped due to the coronavirus shutdowns leaving millions of Americans seeking for benefits...
Major US stock indices lost circa 4.40% on Wednesday, but this time the sell-off was driven by European markets amid major European banks announced they will not pay dividends in 2020...
The US dollar index shortly fell below the 99 mark on Tuesday. But if the equity markets are hit by a renewed wave of a global sell-off, the US dollar will certainly be the first destination to welcome the freed cash...
US stock indices reversed earlier gains in New York and closed Tuesday’s session in the negative territory. The Dow fell 1.84%, as the S&P500 and Nasdaq gave back 1.60% and 0.95% on news that the number cases in New York surpassed Wuhan, signaling that the US is not out of the woods just yet...
