Month: February 2020

On Thursday, the Euro saw its best single day in almost two years against the US Dollar as fears of a potential pandemic raised expectations that the US Federal Reserve Bank would have to lower its benchmark rate. The outbreak, which has worsened outside of China, has not shown any […]

The US Dollar couldn’t hold onto the positive momentum as FX traders fear that the US Federal Reserve Bank will need to lower interest rates in an effort to counterbalance the impact of the Coronavirus spread. Money markets are pricing in at least three rate cuts by this time next […]

The former Federal Reserve chairwoman Janet Yellen said during an event in Michigan that the coronavirus epidemic could throw the American economy into a recession. “We could see a significant impact on Europe, which has been weak to start with,” she said, “and it’s just conceivable that it could throw […]

Updated on February 27, 2020 The Dow Jones Industrial Average looks poised to fall some 450 points on Thursday after the U.S. Center for Disease Control (CDC) announced the first diagnosis of coronavirus in a patient that has not traveled recently. The Dow dropped more than 100 points on Wednesday, […]

Oil prices headed lower for the fifth consecutive day as increased concerns about the coronavirus prompted traders to doubt global demand. U.S. WTI futures sunk 1.52 percent as of 2:18 p.m. HK/SIN, and Brent crude futures were down 1.38 percent. Brent prices 11 percent in the past five trading sessions, […]

During London trade on Wednesday, the US Dollar moved away from the recently struck 2-week trough as FX traders’ expectations of an imminent Fed rate cut were reduced. The outbreak of the Coronavirus continues to weigh on sentiment, however, especially after the Centers for Disease Control in Atlanta warned that […]

The White House recently stated that the US President Donald Trump and his Indian counterpart Narendra Modi have agreed on “promptly” finishing the current trade negotiations, which would end up with signing phase 1 of a bilateral trade agreement. “They agreed to promptly conclude the ongoing negotiations, which they hope […]

Japanese stocks fell to four-month lows on Wednesday after a devastating day on Wall Street which saw U.S. stock benchmarks falling steeply. The Nikkei 225 eased 0.79 percent as of 3:12 p.m. HK/SIN, prompted by trader concern that the global economic slowdown will persist into Q2 thanks to a spread […]

Updated on February 26, 2020 U.S. stocks sold off strongly on Tuesday for the second consecutive day as traders remained fearful that the coronavirus would become a pandemic. Asian indexes were broadly lower on Wednesday, though without the severe losses seen on Wall Street. Several countries have started to ban […]

The Pound Sterling recovered in Tuesday trading in London as some improvement in risk appetite had FX traders paring their holdings of safe haven currencies.