Year: 2020

The U.S. dollar struggled to advance against its primary trading partners on Thursday as traders priced in the possibility that the Federal Reserve will implement at least one interest rate cut of 50 basis points by July. The Fed’s emergency interest rate cut on Tuesday sent the dollar spiraling to […]

Updated March 5, 2020 China reported 139 new cases and 31 new deaths on Wednesday, all of which were centered within the Wuhan province, the epicenter of the disease. South Korea reported 438 new cases and 3 new deaths, while the U.S. state of California declared a state of emergency […]

An unexpected interest rate cut by the Fed has FX traders pondering whether or not the Bank of England might act similarly. Those concerns sent the Pound Sterling lower against both the Euro and the greenback. Though the Fed’s move did little to assuage market concerns that it could shield […]

The Bank of Japan Governor Naruhiko Kuroda stated on Wednesday that the coronavirus epidemic could cause big damage to the Japanese economy, adding that the central bank should be ready to take appropriate action to counteract the effects of the outbreak. “If the epidemic is prolonged, it could also affect […]

Updated March 4, 2020  Central banks around the world, including the Federal Reserve, have lowered interest rates in an effort to stimulate the economy in the face of widespread damage caused by the coronavirus. Still, analysts are concerned that many countries aren’t equipped to handle the crisis fully, as they […]

The Federal Reserve took emergency measures on Tuesday afternoon with a unanimous decision to cut interest rates by 50 basis points. Wall Street benchmarks failed to respond positively to the news despite hopes for an instant boost to the markets. Chicago Fed President Charles Evans said on Tuesday night that […]

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 […]