Year: 2020

Gold prices surged higher on Monday afternoon in Asia as global health officials confirmed a wider global reach of the coronavirus that had recently been thought to be contained mostly in Asia. Gold futures were up 0.94 percent as of 1:57 p.m. HK/SIN, to $1,664.20 per ounce after hitting seven-year […]

The Japanese Yen is on track to record its worst week in more than two years as concerns over the Coronavirus sent FX traders to the US Dollar as a safe haven asset. The Yen is also coming under sell pressure as a result of the latest economic data, which […]

The US Dollar gaining broad strength helped to send the Japanese Yen to a 10-month trough during London trade on Thursday. News from Japan that the economy is in recession is also keeping the currency under pressure, as is a general improvement in global risk appetite. Earlier in the week, […]

The Japanese Cabinet Office recently released its monthly economic assessment. In the report, they claim that the economy was recovering at a moderate pace. “An increased weakness centered on manufacturers remains intact amid continued softness in exports,” they stated in their report, adding that the virus outbreak is the biggest […]

Despite continued optimism about the containment of the coronavirus and a decreasing number of new daily diagnoses, gold prices rallied further on Wednesday and hovered near 7-year highs. Gold futures were up 0.012 percent as of 2:09 p.m. HK/SIN, to $1,612 per ounce. If prices close above $1,606.20 per ounce, […]

The Pound Sterling had earlier edged higher against the US Dollar in reaction to unexpectedly improved inflation data which had helped to boost sentiment. The Office of National Statistics reported that annualized CPI for January was at 1.8%, closing in on the Bank of England’s target of 2%. The latest […]

The United States President, Donald Trump said on Wednesday that the United States is working on a “big” trade deal with India, highlighting that he’s not sure whether its going to be ready before the upcoming November elections. “We’re doing a very big trade deal with India. We’ll have it. […]

Gold prices pushed through the important $1,600 per ounce mark on Tuesday and continued higher during Wednesday’s Asian trading session, boosted by concerns about the coronavirus’s impact on the global economy. Apple warned early this week that it will miss first quarter guidance due to a decrease in production and […]

The Euro was trading near to a 3-year low against the greenback as FX traders await the latest economic news. Against the US Dollar, the Euro has depreciated nearly 3.4% since the beginning of the year, largely on disappointing economic data which has fueled expectations that the European Central Bank […]

The Bank of Japan is considering to stop chasing its 2 percent inflation target according to sources. The main reason behind this move is the effects of the coronavirus epidemic in the Japanese economy. “While the inflation target remains very important, the focus of the BOJ’s policy has shifted toward […]