Day: March 9, 2020

On Saturday the Italian government decided to put the northern region of Lombardy and 14 provinces into quarantine in order to contain the spread of the coronavirus epidemic. At the time of writing, there are around 7375 reported coronavirus infections in Italy, and the death toll is at 366 victims. […]

A surge in interest in safe haven currencies resulted in the Japanese Yen gaining nearly 3% on the US Dollar as a massive decline in oil prices which sent equity and Forex markets into panic mode. The FX market’s Volatility Index earlier struck an almost 3-year peak, largely due to […]

Global markets were facing intense volatility on Monday after a near 30 percent decline in oil prices over the weekend. The decline in oil prices coupled with the severe quarantine measures implemented in Italy, caused traders to sell their assets during the Asian session and into the European trading session. […]

Oil prices crashed over the weekend and into Monday’s Asian trading session after OPEC failed to make a deal with its allies to cut production across the board. The downward spiral started when long-standing OPEC ally Russia rejected the notion of additional production cuts that OPEC leaders had suggested could […]

Updated March 9, 2020: China has closed 11 of its 14 emergency hospitals that were designated to care for coronavirus patients in the wake of a decline in both the death tolls and new diagnoses of cases in the country. Only 40 new diagnoses were reported in China on Sunday, […]