Following the upbeat comments from the Australian Prime Minister (PM) Scott Morrison, Treasurer Josh Frydenberg said that 275,000 businesses have formally applied for jobkeeper payments.
Taxation office has approved 460,00 applications for early access to super.
Super application w
Dow Jones Industrial Average lost 592 points, or 2.4%, to close around 23,650.
S&P 500 index fell 1.8% to 2,823.
The Nasdaq Composite Index finished the day lower by around 1% at 8,561.
US benchmarks were ending Monday's session sharply lower as risk-off set in following a collapse in oil pri
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Market confidence waned after the best week in decades, USD/JPY may continue to move lower
US stock-index futures, global equities and oil prices fell after a roller-coaster ride last week that marked the Dow Jones Industrial Average’s biggest weekly gain since 1938.
Monday’s decline came after the
EUR/USD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is heading towards the resistance at 3/8. In this case, the pair may rebound from this level and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. Af
Intra-Day Market Moving News and Views
EUR/USD - 1.1294... The single currency proved quite tricky to trade yesterday as despite trading with a firm bias in Asia and edging up to session highs at 1.1366 in early European morning, price retreated sharply to 1.1302 in Europe before rebounding to 1.135
Daily Pivots: (S1) 1.1216; (P) 1.1286; (R1) 1.1359;
EUR/USD surges to as high as 1.1496 so far and breaches 1.1456 fibonacci resistance. There is no sign of topping yet. Intraday bias remains on the upside. Sustained break of 1.1456 will pave the way to next fibonacci level at 1.1876. On the downsid
Asian markets went wild today, on the back of acceleration in coronavirus spread in Europe, as well as free falling oil on price war. Sentiments have never been hit that had for quite some time. Commodity currencies, as led by Australian Dollar, are the biggest casualties in the massive selloff. Yen
EUR/USD's two-month bearish trend ended with Thursday's sharp gain.
Thursday's bullish marubozu candle suggests the path of least resistance is to the higher side.
EUR/USD jumped by over 1% on Thursday, violating the descending trendline falling from Dec. 31 and Feb. 3 highs.
The upside break of
Photo: Finance Magnates
US-based exchange Nasdaq has onboarded Roland Chai, head of post-trade division at Hong Kong Exchanges and Clearing (HKEX), to join the executive team as Chief Risk Officer.
Chai, who was a member of the London Stock Exchange (LSE) bid team, has departed Hong Kong earlier t
Moody’s Investors Service, the US-based rating agency, made some comments on the UK economic outlook amid looming Hard Brexit risks and Bank of England’s (BOE) rate cut calls.
Expects UK economy to slow to 1% GDP growth this year.
House price inflation will be flat, at ~0.8% for several
Cable remains in red in early Monday's trading (opened with 18-pips gap lower in Asia) and extends weakness through thick daily cloud, following 0.5% fall last Friday. Stronger dollar on upbeat US data last Friday keeps sterling at the back foot, with the latest comments from top UK official
Stocks fluctuated over the course of the trading day on Friday but largely maintained a positive bias throughout the session. With the upward move on the day, the major averages once again reached new record closing highs.
The major averages moved to the upside going into the close, ending the day m
Photo: Finance Magnates
A new development in the United Kingdom’s gambling industry could also lead to some big changes in the foreign exchange (forex) space. That’s according to Rod Martenstyn, the CEO & Founder at OSS Consult Ltd.
Recently, the Gambling Commission said that as of the 14th of