Month: March 2020

Reports that U.S. oil producers are cutting output sent futures higher during Wednesday’s Asian trading session, the second consecutive session of gains for the battered commodity sector. Brent crude futures were trading at $36.79 per barrel as of 3:55 p.m. HK/SIN on Wednesday, and U.S. WTI futures were at $33.92 […]

As the coronavirus epidemic continues spreading around the world, the United States government together with Congress negotiated a series of economic measures with the purpose of boosting the United State’s economic performance. “We had a good reception on Capitol Hill. We’re going to be working with Republican and Democratic leadership […]

After several days of heavy losses against safe haven currencies, the US Dollar finally steadied in London trading. Nonetheless, analysts warn that the greenback’s risks remain elevated as the United States government attempts to mitigate the threatened fallout of the Coronavirus pandemic. The US President plans to hold a press […]

Oil prices plummeted around 24 percent on Monday, the worst daily decline since 1991. But on Tuesday prices began to turn upwards; U.S. WTI futures climbed 7.87 percent as of 1:54 p.m. HK/SIN to $33.58 per barrel, and Brent crude futures were up 8.38 percent to $37.24 per barrel. Monday’s […]

Updated March 10, 2020 The number of people infected with coronavirus surpassed 110,000 worldwide, with nearly 4,000 deaths globally. The number of new cases outside of China now far surpasses the number of new cases in China on a daily basis. After announcing a quarantine on approximately one quarter of […]

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, […]