Daily Fundamental Analysis 7 April 2020

Daily Fundamental Analysis | MultiBank Group

Market Briefing

The Federal Reserve and Treasury Department are planning to launch a new program to buy loans that financial firms make through the government's emergency small-business lending program citing people familiar with the matter.
The ECB settled 30.2 billion euros of buying under its new Pandemic Emergency Purchase Program and added 4 billion euros under its existing Asset Purchase Program.
The European Union has drawn up a list of U.S. imports including lighters and plastic fittings for furniture that it will hit with tariffs in retaliation for an extension of U.S. duties on incoming steel and aluminium.
Britain's construction sector saw the sharpest fall in activity since the financial crisis last month, a survey showed on Monday, despite facing much less pressure than other industries to shut down operations due to the coronavirus.
The Dow continued to trade close to session highs on Monday as sentiment was boosted by signs the Covid-19 outbreak could be peaking New York state, the epicentre of the virus in the U.S. while the S&P 500 was on track to recover about $1 trillion in market value in a furious rally.
Gold prices roared higher again on Monday, extending a three-session rally as confidence returned to global financial markets against a backdrop of slowly improving health data from Europe.
Oil prices fell as much as 6% on Monday on anxiety that oil titans Russia and Saudi Arabia were still arguing about who between them caused the market to collapse rather than agreeing on production cuts that would help.

Today's News

Server Time HK Time Currency Description Expectation
07:30 12:30 AUD Cash Rate 0.25%
07:30 12:30 AUD RBA Rate Statement -
Editor : Belajar Forex
Belajar Forex

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