Month: January 2020

The World Health Organization declared the recently discovered coronavirus a global health emergency on Thursday as the death toll climbed to 213 and cases were reported in at least 18 countries. Nearly 10,000 cases of the virus have been confirmed thus far, with over 12,000 cases suspected in China. The […]

Concerns over the growing death toll in China from the Coronavirus have sent FX traders on the hunt for safe haven assets. That sent both the Swiss Franc and the Japanese Yen higher, while the Chinese Yuan hit a 1-month trough. Those worries also impacted trade-linked currencies including the Australian […]

*Analysts fear reduced demand of oil as virus death toll rises *U.S. oil inventories rose more than expected Oil prices were lower on Thursday afternoon in Asia as continuing cancellations of flights to and from China prompted traders to fear that demand would be dramatically reduced, especially if the cancellations […]

British Airways has paused all flights to and from mainland China, and reports are circulating that U.S. President Trump is considering a similar ban on flights from the U.S., as reported cases of the coronavirus continue to rise, and the death toll climbs. The U.S. Center for Disease Control (CDC) […]

The Pound Sterling was trading near to a 1-week trough versus the US Dollar as FX traders await tomorrow’s policy decision from the Bank of England. Dovish statements by a number of the voting members have raised expectations that another rate cut is highly likely. Analysts are forecasting that at […]

The first meeting for the Federal Reserve in 2020 will conclude later today, giving traders a chance to focus on the Fed’s comments rather than the coronavirus that has dominated both market movements and the news for the past several days. The Fed is largely expected to keep interest rates […]

The euro sunk to a 33-month trough against the Swiss franc on Tuesday as traders bought the safe-haven franc in droves due to fears about the coronavirus and how it will continue to impact the global markets. The EUR/CHF pair has historically been one of increased volatility during times of […]

The Pound Sterling was weaker against both the greenback and the Euro during London trade on Tuesday as Brexit worries resurfaced. Recent comments from Michel Barnier have led to more anxiety for FX traders. The Chief Negotiator for the European Union said that they would never compromise the integrity of […]

Just as global markets began to stabilize following the “phase 1” trade deal between the United States and China, things have taken a sharp turn to the downside thanks to the rising death toll of the coronavirus in China. All three Wall Street benchmarks closed sharply lower on Monday, marking […]

Oil markets gave up the gains they made due to the increasing optimism caused by the signing of phase 1 of the trade deal between the United States and China, which would put an end to the long trade feud that destabilized the global markets last year. However, the recent […]