With the robust US macro data and the risk-on rally in the US stock markets, US President Donald Trump has taken to Twitter to talk up on the economic prospects and outlook on Wall Street.
Trump tweeted out: "I feel more and more confident that our economy is in the early stages of coming back very
The Indian Rupee's future trajectory will be heavily influenced by the government's decision on the fiscal front, analysts at Goldman Sachs said, according to Bloomberg.
“The key factor driving the rupee going forward will be the government’s fiscal stance and any aggressive fiscal easing could aff
WTI oil traded in a bumpy mode within nearly $2 range on Friday, as fresh upside attempts after larger recovery stalled and past two days ended in red, were short-lived.
Oil price is trying to regain traction after terrible US jobs data, as optimism is rising on easing lockdown measures and producti
DAILY MARKET OUTLOOK on Major Update Time: 29 Apr 2020 03:30GMT EUR/USD - 1.0835 Desoite euro's rally from 1.0811 to as high as 1.088 in European trading on intra-day usd's weakness, subsequent sharp fall to 1.0818 after the greenback regained traction in New York session suggests corrective rise f
Analysts are projecting dismal economic data for March, as the Covid-19 virus spread from China and hammered major economies at that time. Key events such as U.S. and eurozone GDP are expected to point to sharp contractions.
In the UK, the Services PMI plunged in March, dropping to 12.3 points, dow
AUD/JPY cheers welcome prints of Australia’s preliminary trade statistics.
Wednesday’s risk recovery fails to stay long as fears of ‘two viruses’ in the US, Iran-US conflict recall the pessimists.
BOJ will have a one-day meeting on April 27, Jibun Bank PMI bears the burden of the coronavirus outbre
In opinion of FX Strategists at UOB Group, NZD/USD is expected to remain locked within the 0.5900/0.6100 in the next weeks.
24-hour view: “The strong advance in NZD to a high of 0.6090 and the subsequent sharp sell-off came as a surprise. The rapid drop appears to be running ahead of itse
Euro Maintains Declines Amid A Strong USD
The euro currency is down another 0.8% on the day. The declines could likely see a move to the lower support level at 1.0787.
There is scope for a modest rebound ahead of the decline to the support level. However, the resistance level at 1.1030 will be comin