DAILY MARKET REPORT

DAILY MARKET REPORT

Gold has been on the rise after the Federal Reserve announced an open-ended Quantitative Easing program. From yesterday the yellow metal surged more than 100 dollars from $1480 to $1600. On Monday, the FED committed to unlimited purchases of US Treasuries and agency mortgage-backed securities, flooding financial markets with easy money. EQUITIES Equities across Asia...
DAILY MARKET REPORT

DAILY MARKET REPORT

More countries are expected to announce lockdown measures in the coming days so don’t panic, Face the situation. Just believe we can overcome this situation. Countries around the world are imposing stricter rules in an effort to slow the rapid spread of COVID-19. The virus has infected more than 328,200 people and killed more than...
King Dollar acts as real safe haven asset for Investors

King Dollar acts as real safe haven asset for Investors

As we know some currencies are considered safe havens compared to others including Swiss Franc and Japanese Yen. But in this month the King dollar is the real safe currency. The US dollar has become a safe haven investment as investors look for resilient investments amid the global coronavirus outbreak. The dollar rose to its...
DAILY MARKET REPORT

DAILY MARKET REPORT

European Central Bank announced that they will purchase 750 billion euros worth of Bonds in a bid to calm fears within the markets. "Extraordinary times require extraordinary action," ECB President Christine Lagarde said. "There are no limits to our commitment to the euro. We are determined to use the full potential of our tools, within...
Oil Crisis: The price collapsed further

Oil Crisis: The price collapsed further

Oil prices have plunged to the lowest level since 2003. Brent crude futures fell $1.32 to settle at $28.73 on Tuesday. This is the first time the pair has settled below $30 per barrel since 2016. Global oil demand is expected to decline in 2020 for the first time since 2009, according to the IEA....