Year: 2020

European stock markets were trading broadly higher as reports indicated that the spread of the coronavirus in Asia may be dwindling. Though the death toll peaked on Monday, the number of new infections declined, which traders took as a sign that the worst of the virus is behind us. The […]

The Pound Sterling remains near to 2020 lows as FX traders ponder the possible outcomes of the UK-EU trade relationship once the transition period has expired. Earlier today, the release of a mixed bag of data from the UK, which included a flat reading of the preliminary 4th quarter GDP […]

Global traders remained cautiously optimistic about the containment of the coronavirus despite the continually rising death toll on mainland China. There were 2,478 new cases of the disease reported on Monday, with 108 more deaths reported, the highest daily tally thus far. The death toll now sits at 1,016 deaths. […]

By: FXTM Last week, we learned that investors were still brave enough to continue with a ‘buy-the-dips’ mentality in equity markets. All three major US indices made new record highs on Thursday with the S&P 500 up 3.2% for the week, its best performance since June 2019. It wasn’t just Wall […]

In London trading, the Pound Sterling continues to be pressured by a firmer greenback and earlier touched a 2½ month trough against the Dollar. Last week, the Pound suffered its largest weekly decline versus the greenback in seven weeks, with investors concerned about the Brexit transition period possibly failing to […]

According to recent data, Chinese inflation hit its highest level in 8 years, at 5.4 percent in January after being at 4.9 percent in the previous month. The increase is mostly due to rising food prices, higher demand associated with the New Year festivities, together with the Coronavirus epidemic. Excluding […]

Sunday saw a record 97 deaths due to coronavirus on mainland China, but that didn’t stop employers from opening their doors after weeks of keeping workers at home. Businesses and factories had been closed in an extension of the Chinese Lunar New Year for ten days. Public transportation remains largely […]

As market players await news from the US Labor Department on January’s private sector new jobs, the US Dollar moved higher against the Japanese Yen and approached a 2-week peak. FX traders will keep a close eye on today’s release of NFP figures; analysts anticipate that job growth will have […]

The Chinese government’s pledge to ensure that the economy remains stable in the fall out of the Coronavirus outbreak there has helped to push the Aussie Dollar higher for the fourth consecutive day. Beijing has said that US import tariffs would be lowered, some by half, and the government will […]

German factory orders fell unexpectedly signaling that the recession that made the economic growth to hit its lowest level since 2013 is far from over. According to data released by the German Economy Ministry, manufacturing orders fell by 0.5 percent in the third quarter of 2019. In December, they fell […]