The euro recovered past 1.0860 against the US dollar as German GDP is expected to confirm a 0.2% growth in the fourth quarter versus 0.0% expected by analysts. An encouraging data could further fuel recovery in single currency against a softening US dollar...
Major US indices plunged more than 3% in New York as worries that the coronavirus could become a global pandemic took a toll on the markets worldwide. Technology stocks led losses in New York; Apple (-4.75%), Microsoft (-4.31%) and Intel (-4...
Gold rallied to a fresh seven-year high as risk-off capital poured into the yellow metal. The price of an ounce surged to $1680 for the first time since January 2013...
The week started with heavy losses in Asian markets as the number of coronavirus cases outside China surged, spurring worries that it could become a global pandemic. At least ten cities in Northern Italy are quarantined and the Venice Carnival was closed. Stocks in Korea (-3...
News is discouraging, but the US surveys show no evidence of spillover from the coronavirus outbreak. Yesterday’s data showed that the Philadelphia manufacturing index not only rose unexpectedly but also pointed at a three-year high of 36.7 in February, versus 10.1 expected by analysts and 17...
It’s about time we start seeing bad data creeping in and giving us a better perception of the true impact of the coronavirus on the global economy...
The FOMC minutes showed that risks related to global trade and growth were diminished after the signature of the phase-one deal between the US and China, but other risks emerged, including the coronavirus outbreak...
In the FX, the euro sales gained momentum after the German Gfk consumer climate data showed deterioration in economic sentiment in Germany versus no change expected. Further weakness in German data boosted the euro bears and paved the way for a deeper sell-off to 1.0777 against the US dollar...
The euro slipped below the 1.08 mark against the greenback on the combination of meaningfully softer-than-expected ZEW surveys in the Eurozone and Germany, and significantly stronger-than-expected Empire Manufacturing index in the US...
(19 February 2020)DAILY MARKET BRIEF 1:Trump revives risk appetite. USD strong ahead of Fed minutes.
Stocks in Asia rebounded on Wednesday as US President Donald Trump stopped a proposal to block GE-made jet engine sales to China, tweeting that ‘we don’t want to make it impossible to do business with us’...
Gold climbed to $1587 an ounce as the Japanese yen strengthened against the US dollar on increased safe haven demand. WTI crude slipped below $52 a barrel on revived worries that the impact of coronavirus may be longer than what many investors want to believe...
Asian equities retraced a part of Monday’s advance after Apple warned that it won’t meet its revenue guidance this quarter due to a subdued production and lower demand in China and a disrupted global supply amid the coronavirus breakout...
Recently, the European Central Bank (ECB) President Christine Lagarde has also called European governments for putting their hands in their pockets to help ECB reaching its growth and inflation goals...
The euro tanked to 1.0838 against the US dollar. Trend and momentum indicators remain comfortably negative, but the relative strength index (at 21.75%) warns that the single currency may have been sold too fast in a too short period of time and it could soon be time for an upside correction...
The US equities swung between hope and despair, but the three major indices closed lower on Thursday. Worries that the coronavirus cases may have spiked added to the New York Fed’s announcement that it will further curb repo operations. Asian stocks were mixed. Nikkei (-0.59%) and Topix (-0...
Gold advanced to $1575 an ounce and the yen gained on increased risk-haven trades. The USDJPY retreated after trading above the 110 mark. WTI crude held ground above the $51 a barrel, however, although the US stockpiles increased 7.5 million barrels last week versus 3...
The euro fell to a four-month low against the US dollar on Tuesday after the investor confidence data missed expectations at a time when confidence was most needed...
US equities renewed record on Tuesday, after the Federal Reserve Chair said he is ‘closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy’...
US equities flirted with fresh record highs on better-than-expected fourth quarter earnings, and the reassurance that the Federal Reserve is determined to cover their back, come trade war or coronavirus...
