Market News

China’s central bank cut interest rates on medium term loans on Monday, an effort to offer support to businesses whose activity has been disrupted or halted completely by coronavirus contagion concerns.

The Japanese Yen was able to keep earlier gains versus the greenback during Asian trade on Friday on growing concerns over the spread of the Coronavirus.

Safe haven demand has increased significantly after a sharp increase in Coronavirus cases was reported.

The U.S. Trade Secretary Steven Mnuchin insisted that Trump's tax cuts will pay for themselves over a 10-year period, even considering that the near-term deficit is expected to reach the 1 trillion level.

Gold futures have been declining steadily in recent sessions, but they finally ticket higher on Thursday after reports out of the Hubei province in China showed a dramatic spike

The US Dollar was broadly higher on Wednesday as hopes that the coronavirus threat is subsiding.

In his first day of his two-day testimony before Congress, Federal Reserve Chairman Jerome Powell told U.S. lawmakers that the U.S. economy is in a “good place”.

European stock markets were trading broadly higher as reports indicated that the spread of the coronavirus in Asia may be dwindling.

The Pound Sterling remains near to 2020 lows as FX traders ponder the possible outcomes of the UK-EU trade relationship once the transition period has expired.

Global traders remained cautiously optimistic about the containment of the coronavirus despite the continually rising death toll on mainland China.

In London trading, the Pound Sterling continues to be pressured by a firmer greenback and earlier touched a 2½ month trough against the Dollar.

According to recent data, Chinese inflation hit its highest level in 8 years, at 5.4 percent in January after being at 4.9 percent in the previous month.

Sunday saw a record 97 deaths due to coronavirus on mainland China, but that didn’t stop employers from opening their doors after weeks of keeping workers at home.

As market players await news from the US Labor Department on January's private sector new jobs, the US Dollar moved higher against the Japanese Yen and approached a 2-week peak.

The Chinese government's pledge to ensure that the economy remains stable in the fall out of the Coronavirus outbreak there has helped to push the Aussie Dollar higher for the fourth consecutive day.