Month: March 2020

In an unprecedented step, global central banks, led by the US Federal Reserve, decided on Sunday to provide monetary incentives to the global economy by enhancing liquidity amid the collapse of global financial markets due to the spread of the Coronavirus, which raises fears of a global recession. The US […]

With millions of people of people forced to stay home around the world, mental depression has a good chance of sneaking its way into the global psyche. But is an economic depression on the way? Analysts have started to bounce around the D-word following dramatic declines on Wall Street and […]

The Federal Reserve’s surprise rate cut on Sunday helped to provide the Pound Sterling with a lift during Monday trade in London, but the Pound still remained under pressure against the common currency Euro. With the growing fallout of the Coronavirus already negatively impacting global economies, a number of key […]

During an emergency meeting, the Bank of Japan decided to ease its monetary policy, as they announced their intention to buy exchange-traded funds “aggressively” and to double the pace of purchases for Japanese real estate trust fund. Besides this, they announced the creation of a new loan program that would […]

The U.S. dollar fell by 1.5 percent against the Japanese yen during early trade in Asia on Monday as the markets reacted to the Federal Reserve’s emergency interest rate cut which was announced on Sunday. The dollar also eased against its other primary trading partners including the pound and the […]

In the Asian trading session, the US Dollar managed to regain its status as a safe haven currency. That was due, in large part, to the Federal Reserve Bank announcement on Thursday. In an effort to bolster confidence in the wake of the Coronavirus pandemic, the Fed surprised investors with […]

Sentiment for the US Dollar continues to erode after the US President failed to provide market players with any kind of comfort or reassurance regarding the Coronavirus pandemic. In an Oval Office speech, Mr. Trump had little in the way of details on the US effort to combat the fallout […]

Oil markets fell yesterday, as Brent oil futures went down by 3.84 percent and Western Texas Intermediate oil futures lost 4.02 percent. As of late,, the United States President, Donald Trump announced that he was restricting travel from Europe to the United States for the next 30 days due to […]

The Dow Jones Industrial Average crossed into bear territory on Wednesday, which is defined as falling 20 percent below its most recent high. The index eased 5.9 percent, erasing all of Tuesday’s gains and causing analysts to question whether the declines will continue now that this psychological barrier has been […]

An emergency interest rate cut from the Bank of England sent the Pound lower against the common currency Euro but maintained some traction versus the US Dollar. The BoE announced its new benchmark lending rate at 0.25%, a reduction of 50 basis points and twice as much as markets had […]