Year: 2020

The U.S. dollar fell by 1.5 percent against the Japanese yen during early trade in Asia on Monday as the markets reacted to the Federal Reserve’s emergency interest rate cut which was announced on Sunday. The dollar also eased against its other primary trading partners including the pound and the […]

In the Asian trading session, the US Dollar managed to regain its status as a safe haven currency. That was due, in large part, to the Federal Reserve Bank announcement on Thursday. In an effort to bolster confidence in the wake of the Coronavirus pandemic, the Fed surprised investors with […]

Sentiment for the US Dollar continues to erode after the US President failed to provide market players with any kind of comfort or reassurance regarding the Coronavirus pandemic. In an Oval Office speech, Mr. Trump had little in the way of details on the US effort to combat the fallout […]

Oil markets fell yesterday, as Brent oil futures went down by 3.84 percent and Western Texas Intermediate oil futures lost 4.02 percent. As of late,, the United States President, Donald Trump announced that he was restricting travel from Europe to the United States for the next 30 days due to […]

The Dow Jones Industrial Average crossed into bear territory on Wednesday, which is defined as falling 20 percent below its most recent high. The index eased 5.9 percent, erasing all of Tuesday’s gains and causing analysts to question whether the declines will continue now that this psychological barrier has been […]

An emergency interest rate cut from the Bank of England sent the Pound lower against the common currency Euro but maintained some traction versus the US Dollar. The BoE announced its new benchmark lending rate at 0.25%, a reduction of 50 basis points and twice as much as markets had […]

Reports that U.S. oil producers are cutting output sent futures higher during Wednesday’s Asian trading session, the second consecutive session of gains for the battered commodity sector. Brent crude futures were trading at $36.79 per barrel as of 3:55 p.m. HK/SIN on Wednesday, and U.S. WTI futures were at $33.92 […]

As the coronavirus epidemic continues spreading around the world, the United States government together with Congress negotiated a series of economic measures with the purpose of boosting the United State’s economic performance. “We had a good reception on Capitol Hill. We’re going to be working with Republican and Democratic leadership […]

After several days of heavy losses against safe haven currencies, the US Dollar finally steadied in London trading. Nonetheless, analysts warn that the greenback’s risks remain elevated as the United States government attempts to mitigate the threatened fallout of the Coronavirus pandemic. The US President plans to hold a press […]

Oil prices plummeted around 24 percent on Monday, the worst daily decline since 1991. But on Tuesday prices began to turn upwards; U.S. WTI futures climbed 7.87 percent as of 1:54 p.m. HK/SIN to $33.58 per barrel, and Brent crude futures were up 8.38 percent to $37.24 per barrel. Monday’s […]