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European stock markets couldn’t hang on to early gains on Tuesday, opening marginally higher before quickly falling into the red.The pan-European Stoxx 600 (^STOXX) index, Britain’s FTSE 100 (^FTSE), France’s CAC 40 (^FCHI), and Germany’s DAX (^GDAXI) all traded slightly higher at the open.However,

Russia's energy ministry is expecting the global oil market to reach its balance in June or July, the state-run news outlet RIA Novosti reported on Monday, citing sources familiar with the matter. The ministry is also seeing a surplus of 7-12 million barrels per day currently on the global oil mark

NZD/USD steps back from a four-day-old descending resistance line. Weekly support line can offer immediate rest ahead of 200-HMA. Bulls remain cautious unless clearing 100-day EMA. NZD/USD drops to 0.6120 amid the initial trading session on Tuesday. Although the recent risk-on sentiment keeps th

One-month risk reversal on USD/ZAR, a gauge of calls to puts, fell to 2.65 on Monday to hit the lowest level since March 9, having topped out at 5.425 in early April.  The decline to multi-month lows is reflective of the weakening of demand for call options on USD/ZAR.  A call option is a derivati

TOKYO/FRANKFURT/WASHINGTON (Reuters) - After years of applying plenty of stick to commercial lenders unhappy with negative interest rate policies, central bankers in the euro zone and Japan are experimenting with some carrot, too.With the coronavirus pandemic ravaging the global economy, the Europea

GBP/JPY remains weak below the 131.46 resistance level. The level to beat for sellers is the 130.80 support. GBP/JPY four-hour chart GBP/JPY is trading below the 100 and 200 SMA on the four-hour chart while making lower lows and lower highs which is the hallmark of a bear trend. The currency

The greenback pared initial gains made in Asia and Europe and ended largely flat due to USD long liquidation in holiday-thin trading as the U.S. markets were closed for Memorial Day holiday. The single currency rebounded after release of upbeat German Ifo data.      Versus the Japanese yen, dollar r

When you have holidays in two major money centres, nothing much happens in the rest of the world. Yesterday was a US federal holiday to commemorate all those who sacrificed their lives in the US military. In UK it was a spring bank holiday. But matters were fairly active in HK and Beijing. There ar

The US velocity of money, as measured by the M2 money stock ratio quarterly seasonally adjusted, has declined to 1.374, the lowest level since at least 1960s, as per the data tweeted by Jeroen Blokland, Portfolio Manager for the Robeco Multi-Asset funds.  The velocity of money equals the average nu