Year: 2020

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 […]

On Thursday, the Euro saw its best single day in almost two years against the US Dollar as fears of a potential pandemic raised expectations that the US Federal Reserve Bank would have to lower its benchmark rate. The outbreak, which has worsened outside of China, has not shown any […]

The US Dollar couldn’t hold onto the positive momentum as FX traders fear that the US Federal Reserve Bank will need to lower interest rates in an effort to counterbalance the impact of the Coronavirus spread. Money markets are pricing in at least three rate cuts by this time next […]

The former Federal Reserve chairwoman Janet Yellen said during an event in Michigan that the coronavirus epidemic could throw the American economy into a recession. “We could see a significant impact on Europe, which has been weak to start with,” she said, “and it’s just conceivable that it could throw […]

Updated on February 27, 2020 The Dow Jones Industrial Average looks poised to fall some 450 points on Thursday after the U.S. Center for Disease Control (CDC) announced the first diagnosis of coronavirus in a patient that has not traveled recently. The Dow dropped more than 100 points on Wednesday, […]

Oil prices headed lower for the fifth consecutive day as increased concerns about the coronavirus prompted traders to doubt global demand. U.S. WTI futures sunk 1.52 percent as of 2:18 p.m. HK/SIN, and Brent crude futures were down 1.38 percent. Brent prices 11 percent in the past five trading sessions, […]