Month: March 2020

Safe haven currencies, namely the Swiss Franc and Japanese Yen, saw significantly renewed interest during the trading session in London on Tuesday, especially against the US Dollar. Investors are weighing how the possibility of global easing of the money supply will remedy the damage caused to the global economy from […]

The Japanese prime minister Shinzo Abe said that the Japanese government is ready to implement fiscal stimulus measures to aid the Japanese economy from the adverse effects of the coronavirus outbreak. “We’ve already compiled a spending package to forestall various risks,” said Abe during a speech he gave in front […]

Updated March 3, 2020 China recently reported its lowest number in a month of coronavirus cases, leaving the number of new infections at 125 and the death toll in the last 24 hours at 31. Nevertheless, the epidemic continues spreading to the rest of the world, being South Korea, Italy, […]

Given the possibility of coordinated central bank action to face the economic effects of the coronavirus epidemic, traders ran into the oil markets on Monday, causing oil futures value surge. Brent oil futures added 7.51 percent on Monday’s session, followed by Western Texas Intermediate Oil futures went up by 7.42 […]

The US Dollar was struggling to regain traction during London trade on Monday as FX traders consider the growing possibility that the US Federal Reserve will need to take on an even more accommodative policy given the potential impacts to the economy from the Coronavirus. On Friday, the Chairman of […]

The Bank of Japan Governor Haruhiko Kuroda said that the Japanese Central Bank will attempt to aid the Japanese markets to stabilize, as they are currently being affected by the coronavirus epidemic. “The BOJ will monitor developments carefully, and strive to stabilize markets and offer sufficient liquidity via market operations […]

Updated March 2, 2020: Though the death toll related to coronavirus cases in China remained fairly low over the weekend, new cases were reported in countries previously unaffected by the virus, widening concern that the containment efforts are failing. Among the new regions to report coronavirus infections are Indonesia with […]

Gold prices were broadly higher on Monday, spiking more than 1 percent as traders favored the safe haven asset on concerns that the coronavirus was spreading globally and could cause additional production shutdowns and business slowdowns. Gold futures were up 2.362 percent to $1,603.70 per ounce as of 2:36 p.m. […]

Updated: March 1, 2020 Both Thailand and Australia reported their first deaths from the coronavirus over the weekend.  On Saturday, 35 people died from the virus in China, down from 47 deaths on Friday. Many people are hopeful that the continued decline of daily deaths in China points to a […]