Banks cut rates but it doesn’t help the markets
Over the past weekend in a coordinated move several central banks decided to cut rates to support economic growth and cushion negative coronavirus influence.
The
Bank of Canada was...
Gold prices down but medium-term outlook remains positive
Gold prices have been on the defensive for a sixth day in a row on Monday. The precious metal has accelerated the decline today and reached the 200-daily moving average...
Euro regains ground, 1.12 in focus
The euro has had a very volatile week and suffered decent losses recently. EURUSD was rejected from more than one-year highs around 1.15 and dipped to 1.1050 by the end...
Risky assets bounce amid policy measures across the globe
After a volatile session in Asia, global stocks and risky assets in general switched into a recovery mode on Friday, as investors asses the latest round of measures taken by global...
Oil prices depressed and may fall even lower
Oil prices failed to stay afloat and had to decline along with global stocks on Thursday. The market feels the pressure from the coronavirus outbreak that has led to a...
USDJPY back at local highs
On the last trading day of the week, the USDJPY
pair gained traction and recovered beyond the 105.00 mark. After choppy
dynamics seen yesterday, the major stays in the green zone near the...
Aussie nearing multi-year highs again
After a brief bounce, the Aussie came under the selling pressure and is nearing the multi-year lows around 0.63 registered at the start of the week. The pair has accelerated...
Bitcoin plunged to ten-month lows just within an hour
Bitcoin price plunged abruptly and reached early-May 2019 lows around $5,600 just within an hour. The cryptocurrency failed to recover above the $8,000 handle and has accelerated the decline...
Coronavirus continues to dent global markets
On Thursday, the risk sentiment was dented again amid fresh coronavirus headlines.
The epidemic seems to tighten its grip outside mainland China where the
situation continues to improve. South Korea and Italy remain...
Dollar back on the defensive amid virus concerns
The dollar index is back under the selling pressure on Wednesday after a brief relief rally witnessed the day before. The greenback has been losing its appeal as the number...
