Concerns that the Coronavirus is spreading hard and fast beyond the borders of China have pushed FX traders to the safe haven US Dollar, with the Australian Dollar and the Euro losing favor. Over the weekend, Italy, Iran and South Korea all reported new Coronavirus cases, with more than 150 […]
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German Business Sentiment Rising – 24 February 2020
The German business sentiment index went up in February from the previous month’s 95.9 to 96.1, going against the analyst’s expectations who foresaw that the index was going to fall to 95.3. The report, released by the IFO research Institute, also states that the Current Economic Assessment was at 98.9 […]
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Gold Hits $1,680 High on Coronavirus Fear – 24 February 2020
Gold prices surged higher on Monday afternoon in Asia as global health officials confirmed a wider global reach of the coronavirus that had recently been thought to be contained mostly in Asia. Gold futures were up 0.94 percent as of 1:57 p.m. HK/SIN, to $1,664.20 per ounce after hitting seven-year […]