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Global Uncertainty is Raising Interest in Safe Haven Currencies

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The high level of anxiety in financial markets are still prevailing. The recent fluctuations in equities, commodities and currencies are forcing investors to look out for safer options. Highly volatile and risky currencies such as Pound, Euro and Canadian Dollar is in downtrend and witnessed selling pressure, While the safe haven currencies such as Japanese Yen and Swiss Franc are holding their values steadily. Political and military tensions between India and China, and between North and South Korea has already raised alarm. However, investors are overlooking these military tensions in Asian regions because the chances of full-fledged conflict or war is small or negligible. Australian and New Zealand Dollars also held steady on account of least impact of COVID-19. Last week New Zealand became the first major economy to conquer COVID-19 completely and removed all social distancing requirements. Australia’s job data improved a bit as the control over pandemic is tightened. Both AUD ...
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WTI Crude Oil is Heading Towards $43.10 per Barrel

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West Texas Crude and Brent crude both saw steep rises in the month of May and the rise is expected to continue in the month of June as well. The rise in crude price is backed by falling global production and expectations of demand from across the globe as world's major economies are reopening post COVID-19 lockdowns, life is expected back to normal soon. WTI crude future recorded a whopping 88% rise in last month after trading in negative mark. Technically we may soon see WTI crude reaching a level of $43.10 per barrel. A range of $43.50 and $45.30 will act as a resistance. On down side a level of $32.40 will act as immediate support. By Sandesh Nandode, Forex and Crypto Analyst- Dubai https://futurefxmarket.com/
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The Cryptocurrencies You Should Not Miss

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  Since the invention of first cryptocurrency the overall cryptocurrencies market has evolved from time to time and has reached to total market capitalization of around 237.1 billion U.S. dollars. Crypto market capitalization grew significantly during year 2016 to 2018 from 15 billion U.S. dollar to the present level. There are approximately 5,392 cryptocurrencies being traded as on 22 April 2020, out of which the top three cryptocurrencies ranked by market value are Bitcoin- worth $ 181.95 billion; Ethereum- worth $25.48 billion; and XRP (ripple)- worth $8.33 billion. The cryptocurrency market is decentralized, hence there is an immense potential for upside move. The market capitalization of total cryptocurrencies will surpass its previous top of $566.26 billion during year 2017; and expected to reach $1.00 trillion mark by 2023. The usage of cryptocurrencies are widening from private transactions to low-cost money transfer; sending non-cash remittances; travel the worlds; and...
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