Year: 2020

According to the French official statistics agency (INSEE), economic activity and household spending in France is currently at about 65 percent of the usual activity levels due to the coronavirus epidemic. Regarding the future, they foresee a reduction of economic activity by 12 percentage points this quarter and a yearly […]

Data out in the United Kingdom on Thursday showed that British retail sales did not grow at all in February, ending the month with the weakest performance since 2013. The decline in sales came even before the novel coronavirus forced business shutdowns which further battered the region’s economy. After sales […]

Catch up on the Forex market and global news with our recap for March 26, 2020 here. – The global coronavirus pandemic continues to increase exponentially from its epicenter in Europe and the U.S.A, with more and more countries imposing severe restrictions which are causing very significant economic damage. A […]

According to sources, the head of the European Central Bank Christine Lagarde asked the European Union finance ministers on Tuesday evening to consider issuing bonds to face the effects of the coronavirus outbreak. “She said that we should seriously think about it, next to the use of the ESM (bailout […]

The US Dollar was broadly lower for a third straight day during London trade on Wednesday as the latest stopgap measures has been tentatively agreed to by the US Senate and is scheduled for a vote later in the day. That deal is worth about $2 trillion and promises to […]

Despite measures from the U.S. government to bailout the country’s economy, the U.S. dollar still shows potential for significant volatility in the coming days, as traders vacillate between favoring the greenback and shedding the dollar in favor of safer assets. Traders dumped the dollar on Tuesday after the Federal Reserve […]

Check out our daily recap of the latest Forex and market news around the globe for Wednesday, March 25, 2020 here. – The global coronavirus pandemic continues to increase exponentially from its epicenter in Europe and the U.S.A, with more and more countries imposing severe restrictions which are causing very […]

The Pound Sterling was able to maintain its rally versus the US Dollar and remained steady against the common currency Euro during London trade on Tuesday. The Pound has experienced a tremendous selloff against the safe-haven US Dollar which has experienced great favor as confidence has eroded in the financial […]

According to the International Monetary Fund, several countries from the Middle East and Central Asia have asked for financial aid due to the coronavirus outbreak. The director of the Middle East and Central Asia department at the International Monetary Fund, Jihad Azour highlighted that economic policy responses should be focused […]

Cryptocurrency prices have surged in the past 24 hours, adding some $14 billion in value to the cryptocurrency markets, which had been vulnerable to massive selloffs as the global economy has struggled due to the spread of the coronavirus. Bitcoin, the most popular cryptocurrency, surged over 10 percent in a […]