One of the reasons traders favor the FX market over other assets and commodities is the high liquidity displayed by the currency market. Also, since all that traders need to access this market is an internet connection, trading FX is often a global affair. Moreover, because of its international reach, the FX scene is greatly … Read more
By Julie Zhu and Kane Wu HONG KONG, May 15 (Reuters) – China’s healthcare and biotech firms are capitalising on a surge of interest in the sector due to the coronavirus pandemic by raising a record $6.8 billion in fresh equity-linked transactions this year. While healthcare and related sectors have long been popular, with investors … Read more
INDIAN RUPEE, US DOLLAR, USD/INR, CREDIT SPREADS, CORONAVIRUS – TALKING POINTS Indian Rupee could face uphill battle as country struggles with virus Local credit spreads have been widening and may continue that path USD/INR consolidating as bearish chart pattern lacks follow-through As India approaches the expiration of extended lockdown measures this Sunday, the Indian Rupee may still … Read more
Summary The ISM Non-Manufacturing Index may have fallen to a 128-month low, but it’s not all bad news. Sure enough, most business segments have done badly, and I would consider exiting their stocks. However, a few service segments have gotten a boost from the COVID-19 disruption. I do much more than just articles at The … Read more
FUNDAMENTAL EURO FORECAST: NEUTRAL After so much bad news from the Eurozone, EUR/USD is due at least a pause for breath. Of course there’s no guarantee that it won’t be knocked back further by yet more unwelcome developments, but with pessimism already so pervasive a rally can’t be ruled out. EURO PRICE OUTLOOK: DUE FOR A BREAK The Euro was … Read more
Dow Jones, DAX 30 & ASX 200 Price Outlooks: DOW JONES FORECAST OUTLOOK: BEARISH The Dow Jones enjoyed a moderately strong performance last week as investors grappled with the possibility of a negative Federal Funds rate. The prospective decline in rates was laid against a backdrop of soaring unemployment as Friday’s non-farm payrolls report revealed the … Read more