The U.S. stocks posted a powerful rally of over 2%, as investors were encouraged by Gilead Sciences’ (GILD +5.7%) promising trial test results for its drug Remdesivir in treating coronavirus patients. The sentiment was also boosted by the Federal Reserve’s pledge to support the economy. The U.S. Department for Labor[…]
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* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E (Recasts with price move, adds quote, updates prices) By Karen Brettell NEW YORK, April 30 (Reuters) – The dollar fell against the euro and jumped against the Japanese yen on Thursday as investors focused on month-end rebalancing of their portfolios. The euro[…]
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The Reserve Bank of India has extended the truncated market hours for bond and foreign exchange markets, which were scheduled to end on Thursday, indefinitely. “There is a likelihood of extension of lockdown in major cities like Mumbai or easing of the restrictions in a limited manner,” RBI said, while[…]
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* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E * Central banks set theme for currencies * Euro steady as traders eye ECB meeting * Yuan rises to two-week high (Updates throughout, changes dateline to LONDON) By Elizabeth Howcroft LONDON, April 30 (Reuters) – The euro was broadly flat on Thursday[…]
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MUMBAI : The Reserve Bank of India on Thursday said the truncated market timings for the government bond and forex markets among others which come under its regulatory ambit will be maintained beyond April 30 till further notice. Earlier, the RBI had notified that market activities including the sales and[…]
Read More »I thought that there was probably greater potential on the short side, so I was ready take a bearish bias if we had gotten two consecutive hourly closes below 107.00. USD/JPY: USD is weak across the board Last Tuesday’s Signals were not triggered, as there was no bullish price action[…]
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