Market News

The US Dollar is poised to record a loss for the week and was on shaky ground in early Friday trade in Asia.

The British Pound was moving close to a 1-week peak during London trade on Thursday

High risk currencies gained during early trade in Asia today on rising hopes that the spread of the Coronavirus may finally be hitting a peak in some areas

Forex Updates for April 9: Many analysts think the bottom of this bear market has already been reached, but other analysts see further strong falls.

The US Dollar is gaining interest once again as a safe haven asset as concerns over the Coronavirus return after it had seemed that the spread was slowing in New York and Europe.

All three of Wall Street’s benchmark indexes closed lower on Tuesday after seeing significant spikes during the New York trading session

Forex Updates for April 8: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) are still rising, and other risky assets have also been boosted.

The Pound Sterling gained against major rivals during London trade on Tuesday after a rebound in riskier assets encouraged Dollar selling.

Russia just confirmed its participation in the OPEC+ meeting that is taking place on April 9.

The U.S. dollar eased against the Japanese yen and its other major currency partners on Tuesday afternoon in Asia

April 7: Despite the gloomy global economic outlook, stock markets (especially in the U.S.A.) rose strongly yesterday, and other risky assets were also boosted.

The Pound Sterling recovered in the overnight trading against the US Dollar on news that the Prime Minister was likely to shortly be returning to office.

German Factory Orders went down in February according to data released by the Federal Statistics Office.

Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, the CEO of Russia’s sovereign wealth fund Russian Direct Investment Fund (RDIF), said

April 6: World stock markets, despite the bad news, having been rising since this week’s open, after falling last week. However, many analysts believe stocks remain vulnerable to further sharp falls as the economic damage of the pandemic mounts.