News Archive

Browse through our recent news articles and market analysis

USDJPY slips last week amid hopes & hypes of COVID-19 vaccine/therapy coupled with geometrical progression of coronavirus cases, but US dollar recovered mid-Monday

USDJPY slumped last week amid hopes & hypes...

13/07/2020 - 17:43

USDJPY recovered mid-Monday on hopes of COVID-19 curve flattening after Trump wears a mask (at last) and as daily...

Dow crumbled Thu as Dr. Fauci warned about partial corona lockdown 2.0, but tech/biotech savvy Nasdaq surged on the digital theme and corona 'magic drug' appeal; Dow recovered Fri

Dow tumbled Thu as Dr. Fauci warned about...

12/07/2020 - 17:00

Dow jumped Friday on hopes of corona ‘magic drug’- Gilead’ Remdesivir and Germany’s BioNTech’ COVID-19 vaccine...

GBPUSD edged down Thu on renewed Brexit uncertainty despite another Fiscal bazooka by Johnson to fight corona recession, but GBP recovered Fri

GBPUSD slips Thu on renewed Brexit...

10/07/2020 - 16:20

On early U.S. Friday, GBPUSD surged on: Broad weakness in the greenback amid surging COVID-19 cases and the...

Dow jumped late Wed on hopes of another COVID-19 'magic drug' and positive Fed talks despite coronavirus spikes and escalating U.S.-China cold war tensions; Dow tumbled Thu

Dow surged late Wed on hopes of another...

09/07/2020 - 20:20

Dow tumbled Thursday as Dr. Fauci warned about partial corona lockdown 2.0 Fed’s Bostic predicts the economy...

Oil jumped Wed on mixed EIA inventory report and hopes of faster corona vaccine despite the concern of an uneven economic recovery amid a resurgence of fresh COVID-19 cases; oil slumped Thu

Oil surged Wed on mixed EIA inventory report...

09/07/2020 - 14:39

Russia may not agree to extend further OPEC+ beyond July-Aug Oil (WTI-Aug Exp) closed around 40.75 Wednesday,...

Dow plunged Tue on escalating COVID-19 infections, Fed's concern about the economic recovery and as China almost dials back its 'healthy bull market' rhetoric; but Dow recovered late Wed

Dow tumbled Tue on escalating COVID-19...

08/07/2020 - 20:16

On late Wednesday, Dow Future recovered almost +300 points from the Asian session low on: Hopes of an imminent...

Gold surged to multi-year high on risk-aversion and hopes of further Fed monetary vaccine amid COVID-19 spikes; the Fed is concerned about the sustainability of the U.S. economic recovery

Gold jumped to multi-year high on...

08/07/2020 - 16:50

Gold (XAU/USD-spot) made a high of around 1818.12 in the early U.S. session Wednesday, jumped almost +1.28% on...

Dow jumped Mon on Chinese pledge for a 'healthy bull market', upbeat U.S. economic data and hopes of another COVID-19 magic drug; but Dow slips early Tue on the concern of partial corona lockdown 2.0

Dow surged Mon on Chinese pledge for a...

07/07/2020 - 18:47

Dow slips Tue on: An unabated coronavirus spikes in various U.S. states and the high probability of partial...

Chinese stock market jumped on hopes of government policy support, upbeat economic data and ease of LAC tensions with India; China wants 'healthy bull market' to fight corona carnage and to compete with U.S. (Dow)

China's stock market soared on hopes of...

06/07/2020 - 18:11

China’s stock market (A-50 Fut) soared almost +9.45% Monday in the mid-U.S. session, made a session high of...

India's Nifty soared on positive global cues coupled with ease of geopolitical tensions with China as Modi goes for 'digital strike' rather than 'surgical/missile strike'; what's next?

India's Nifty jumped on positive global cues...

06/07/2020 - 06:23

India may be a preferred safe haven EM investment destination post-COVID-19 Despite surging corona infections,...

Dow surged Thu on blockbuster NFP job data, but fades on higher than expected jobless claims and the concern of partial lockdown 2.0; Dow Future slumped holiday-thinned Fri

Dow jumped Thu on blockbuster NFP job data,...

03/07/2020 - 20:04

Dow Future slumped in holiday-thinned Friday trading as the COVID-19 may be mutating in such a way, that may delay...

USDJPY almost unchanged on mixed U.S. job data, coronavirus spikes and increasing U.S.-China cold war tensions

USDJPY almost flat on mixed U.S. job data,...

03/07/2020 - 17:22

USDJPY closed around 107.50 in the U.S. session Thursday, almost flat on mixed U.S. job data, coronavirus spikes,...

Dow edged up Wed on increasing political uncertainty and renewed concern of U.S.-China cold war despite hopes & hypes of an early corona vaccine and Fed's YCC; Dow jumped early Thu

Dow inched down Wed on increasing political...

02/07/2020 - 20:04

Dow jumped Thursday on hopes of ‘V’-shaped economic recovery after blockbuster U.S. NFP job report Dow was also...

Oil jumped on signs of faster rebalancing and hopes of further extension of OPEC+ production cut agreement; Oil further surged early Thu on blockbuster U.S. NFP job report

Oil soared Wed on signs of faster...

02/07/2020 - 14:03

Oil (WTI-Aug Exp) closed around 39.82 Wednesday, jumped almost +1.40% on signs of faster rebalancing and hopes of...

Dow jumped late Tue on month/quarter-end rebalancing, upbeat economic data and dovish testimony by Powell/Mnuchin amid coronavirus spikes; Dow almost flat late Wed

Dow surged late Tue on month/quarter-end...

01/07/2020 - 20:14

On late Wednesday, Dow almost flat as: Dow was helped by hopes & hypes of an imminent COVID-19 vaccine and Fed’s...

Gold jumped on Powell's dovish testimony and the renewed concern of partial corona lockdown 2.0 amid the resurgence of COVID-19 in the U.S.

Gold surged on Powell's dovish testimony and...

01/07/2020 - 12:57

Gold (XAU/USD-spot) closed around 1781.67 in the U.S. session Tuesday, surged almost +0.53% on Powell’s dovish...

Dow soared Mon on Boeing/Apple boost, hopes of an imminent COVID-19 vaccine, better than expected economic data and ease of coronavirus surge in Florida; Dow almost flat mid-Tue

Dow jumped Mon on Boeing/Apple boost, hopes...

30/06/2020 - 19:57

On mid-Tuesday: Dow was boosted by upbeat PMI from China and housing price data from the U.S. But Dow was also...

USDJPY jumped on renewed risk aversion amid the resurgence of COVID-19 and better than expected U.S. economic data; Fed's Powell sounds cautious on U.S. economic recovery

USDJPY surged on renewed risk aversion amid...

30/06/2020 - 12:10

USDJPY closed around 107.79 in the Asian session Tuesday, edged up almost +0.20%, followed by a +0.31% surge on...

Dow plunged Fri on the concern of lockdown 2.0 amid a strong resurgence of COVID-19 spread in some states after reopening; banks and FB also dragged, but Dow jumped mid-Mon

U.S. stocks plunged Fri on the concern of...

29/06/2020 - 19:54

Dow jumped mid-Monday on: Boeing and Apple boost Hopes of an imminent COVID-19 vaccine by China Improving U.S....

India's Nifty jumped on 'unlock' 1.0 and ease of China-LAC tensions, but slips early Mon on surging COVID-19 infections and troops build-up by both sides at LAC

India's Nifty soared on 'unlock' 1.0 and...

29/06/2020 - 05:05

The Indian market (Nifty) closed around 10383.00 Friday, jumped almost +0.91% on positive global cues (Europe) and...

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