FX Update May 25; USD Holds the Bid- URDU

Trading Leveraged Products is risky

EURUSD & GER30, H1

 

Trading Condition آج Thin رہے گی کیونکہ دونوں ممالک US-UK آج چھٹی پر ہیں۔ (Public Holiday) China-US کی Tensions بڑھتی رہی Weekend میں۔ تازہ خبر یہ ہے کہ US اب 33 Chinese Companies. کو Economic Blacklist میں ڈال دینے کا منصوبہ بنا رہا ہے۔ انِ Companies پر الزام یہ ہے کہ یہ بطور «Spy» کام کررہی ہیں China کے لیے۔ 

The White House Security Adviser نے بیان دیا ہے کہ یہ Economic Sanctions مزید Hong Kong پر بھی لگ سکتی ہیں۔ 

Narrow Trade weighted USD Index. نے 1-Week High بنایا۔(99.93) 

1-Week Low(1.0875) EURUSD بنایا۔ 

USDJPY نے Friday High کے برابر High(107.78) بنایا جو کہ Friday کو دیکھا گیا تھا۔ 

USDCAD کی Consolidated gains دیکھنے میں آئی اور Friday High 1.4050 تھا۔USDCAD 1.4000 mark. 

Oil Prices آج Moderately Firmer رہیں اور پچھلے ہفتے اسِ نے 11-Week High بنایا تھا۔ 

Stocks Market میں Nikkei 225 نے 1.7% Rally  کیا۔ یہ March 6th کے بعد سے سب سے زیادہ High day close. تھا۔ جبکہ Hang Sang اور China کی Main Indices سُرخ رنگ میں تھیں۔Dax(Ger 30) آج Gap کے ساتھ Open ہوا۔(11,215) بعد میں یہ 11,100 تک Slip ہوا۔ German IFO سے اُمید ہے کہ یہ 74.2 سے 795 تک Lift ہوگا April میں۔ یہ مارچ کے مقابلے 86.0 سے کہیں کم ہے لیکن اُمید نظرآرہی ہے کہ Confidence واپس آرہا ہے۔Ger 30 اب دوبارہ 11,190 پر دوبارہ۔ 

اب Corona کو دیکھا جائے تو اب انتظار ہے کہ مارکیٹ دوبارہ Open ہو۔Brazil اب نیا Hotspot اب یہ US کے پیچھے پیچھے ہے۔ 

 

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Stuart Cowell

Head Market Analyst

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