Abhishek Goenka
16 POSTS
Abhishek Goenka, Founder & CEO, IFA Global.
Latest
Business
Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment
The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...
Business
Crosses rally on robust PMIs
Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...
Business
White House trade advisor Navarro does a U-turn; so do markets
The US Dollar has weakened overnight. The anticipation of a second stimulus package is keeping the USD under pressure. While the EU is finding...
Business
Market Analysis by Abhishek Goenka: Global Risk sentiment holds positive
Overall global risk sentiment was positive heading into the weekend with China reaffirming its commitment to adhere to the one phase trade deal with...
Business
Market Watch: EU heads of state to discuss the recovery plan today
The Bank of England kept rates unchanged and expanded its asset purchases by GBP 100bn to GBP 745bn. The BoE would have held back...
Business
Market Analysis: Focus will be on the Bank of England MPC meeting
Levels across currencies are pretty much unchanged overnight. Focus today will be on the Bank of England policy. While it is expected to leave...
Business
Market Analysis: OPEC+ agrees to a historic production cut
OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
Business
Market Analysis: Dow ends above 23,000 mark for the first time in a month
The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...
Business
Market Analysis: Crude drops to 18-year lows
Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
Business
Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package
We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...
