Crispus Nyaga

3 Reasons The Dow Jones Is Attempting To Bounce Back Today

·Apr 22, 2020, 14:01 BST

The Dow Jones index rose by more than 200 points, partially offsetting the 600 points it lost yesterday. Investors were reacting to a new stimulus package passed by the senate yesterday, some positive corporate earnings, and slightly higher oil prices.

USDTRY Steady After Turkish Central Bank Slashes Rates Again

Forex

·Apr 22, 2020, 12:34 BST

The USDTRY pair spiked as investors reacted to the interest rates decision by the Turkish central bank and the surging...

EUR to GBP Exchange Slips Rate As Market Price Another QE By ECB

Forex

·Apr 22, 2020, 11:10 BST

The EUR to GBP (EURGBP) pair declined today as investors reacted to the UK inflation data and actions by the...

Pound to rand exchange rate heads to 22.740 as SA launches stimulus

Forex

·Apr 22, 2020, 09:39 BST

The pound to rand (GBPZAR) pair dropped slightly as investors reacted to news of a new stimulus package from South...

DAX Index Completes Pullback As Bulls Aim For €10,900

Indices

·Apr 22, 2020, 09:02 BST

The DAX index rose by more than 1% as German stocks reacted to news that Washington had approved another stimulus...

GBPUSD under pressure as fuel and clothing prices push CPI lower

Forex

·Apr 22, 2020, 08:25 BST

The GBPUSD pair rose slightly as the market reacted to the latest consumer price index data released by the ONS....

Crude Oil Price: Fatal Miscalculation By Saudi As Brent Drops to 22-Year Low

Commodities

·Apr 22, 2020, 06:59 BST

Crude oil price dropped again today as investors continued to worry about demand and supply. The price of Brent, the...

Silver Price Drops By 5% As Bank Of America Sees Gold Reaching $3,000

Commodities

·Apr 21, 2020, 15:24 BST

Silver price dropped by more than 5% as sentiment in the commodities market soured and the dollar gained. The drop...

Dow Jones Chokes As Oil Bankruptcies Loom; Earnings Disappoint

Indices

·Apr 21, 2020, 13:33 BST

The Dow Jones index declined by more than 2% as investors continued to worry about low oil prices and the...

USDCAD Spikes As Trudeau Fights Two Battles At The Same Time

Forex

·Apr 21, 2020, 11:47 BST

The USDCAD pair rose by more than 70 basis points as a dark cloud loomed over the Canadian economy. Justin Trudeau is now combating two problems at the same time. Oil price is slumping while the number of coronavirus cases is slowing.

USDJPY: Yen Rises On Risk Aversion As Crude Oil And Earnings Disappoint

Forex

·Apr 21, 2020, 11:02 BST

The USDJPY pair edged lower as investors rushed to the Japanese yen, which is often seen as a safe haven. The Japanese yen also rose by more than 0.85% against the British pound and by 40 basis points against the euro. The yen also rose in a day that the Nikkei 225 index declined by more than 2%.

DAX Index Plunges As Continental Downgraded: Deutsche Bank Questioned

Indices

·Apr 21, 2020, 09:56 BST

German stocks, as measured by the DAX index, declined today as investors’ mood soured because of the low oil prices...

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