Month: February 2020

The Pound Sterling had earlier edged higher against the US Dollar in reaction to unexpectedly improved inflation data which had helped to boost sentiment. The Office of National Statistics reported that annualized CPI for January was at 1.8%, closing in on the Bank of England’s target of 2%. The latest […]

The United States President, Donald Trump said on Wednesday that the United States is working on a “big” trade deal with India, highlighting that he’s not sure whether its going to be ready before the upcoming November elections. “We’re doing a very big trade deal with India. We’ll have it. […]

Gold prices pushed through the important $1,600 per ounce mark on Tuesday and continued higher during Wednesday’s Asian trading session, boosted by concerns about the coronavirus’s impact on the global economy. Apple warned early this week that it will miss first quarter guidance due to a decrease in production and […]

The Euro was trading near to a 3-year low against the greenback as FX traders await the latest economic news. Against the US Dollar, the Euro has depreciated nearly 3.4% since the beginning of the year, largely on disappointing economic data which has fueled expectations that the European Central Bank […]

The Bank of Japan is considering to stop chasing its 2 percent inflation target according to sources. The main reason behind this move is the effects of the coronavirus epidemic in the Japanese economy. “While the inflation target remains very important, the focus of the BOJ’s policy has shifted toward […]

The Chinese government said on Tuesday that it will remove tariffs of over 696 products from the United States, like soybeans, pork, crude oil, among others. According to China, the tariff exemptions for qualified US products will be effective for one year. This new measure is part of the recently […]

Though higher currently, the Euro held close to a 3-year trough during the Monday trading session in London on investor concerns about slowing regional growth. Given the quiet on the economic calendar for the day, FX traders will be looking at tomorrow’s release of the ZEW Survey for Germany, an […]

According to data released by the Japanese government, the Japanese GDP contracted at its faster pace in six years. The Japanese gross domestic product went down by 6.3 percent in the last quarter of 2019, the biggest contraction since the second quarter of 2014, against the analyst’s expectations, who foresaw […]

China’s central bank cut interest rates on medium term loans on Monday, an effort to offer support to businesses whose activity has been disrupted or halted completely by coronavirus contagion concerns. The announcement sent Chinese benchmarks higher, where they hovered near a three-week peak. Also increasing optimism in the markets […]

The Japanese Yen was able to keep earlier gains versus the greenback during Asian trade on Friday on growing concerns over the spread of the Coronavirus. Riskier assets were weighed down by those worries, as well, and dismal data from the Eurozone tanked the Euro and kept trader sentiment firmly […]