The gold price jumped higher above the 1600 mark as the negative impact from the coronavirus outbreak starts to bite. The revenue warning from Apple was the first signal that the virus will impact the global economy. Meanwhile the coronavirus death toll has surpassed 2000 while there are over 74000 [...]
Asian indices run higher today as investors increased bets that China will intervene with cash injections to support the coronavirus struggling economy. New coronavirus cases in China continued to fall, with 1,749 new confirmed infections and 136 additional deaths. The coronavirus death toll has now passed 2,000. Wall Street managed [...]
Bitcoin price managed to rebound yesterday from the strong support at $9600 above the $10000 mark giving the bulls the upper hand. BTCUSD after spending a couple of hours outside the ascending channel that drives bitcoin with an impressive rally returned to the bullish path. Bitcoin has formed an intraday [...]
GBPUSD is adding 0.17% at 1.3025 after better than expected UK employment data. UK Claimant Count Rate dropped to 3.4% in January from the previous 3.5%. The Unemployment Rate for December came in at 3.8% in line with consensus. The UK Average Earnings Excluding Bonus came in at 3.2%, below [...]
Nasdaq 100 futures in electronic trading are 0.62% lower after Apple (AAPL) warned on revenues for the current quarter blaming weak demand from China and disruptions in the supply channels. Apple revenue guidance ranging between $63 and $67 billion for the current quarter. Above that Walmart earnings came short of [...]
EURGBP resumed the downtrend after a short break yesterday. The pair is under selling pressure after a big miss in the German Zew survey. The February 2020 ZEW economic sentiment came in at 8.7 much worse than the expectations of 21.5 the previous reading was at 26.7. The Current conditions [...]
FTSE 100 and stocks in the UK are under heavy selling pressure as investors start receiving the messages from the negative impact of the coronavirus crisis. Apple Inc. (AAPL) warned that revenue in the current quarter will no meet the guidance due to weak demand in China and disruptions in [...]
EURUSD trades lower after the ZEW disappointed investors. Germany February 2020 ZEW economic sentiment came in at 8.7 below the expectations of 21.5 the previous reading was at 26.7. The Current conditions was also a big miss, it came in at -15.7 below the forecasts of -10.3 the last reading [...]
Gold price adding 0.51% at 1588.53 as investors shift to safe-haven assets after the revenue warning from Apple (AAPL). The negative impact of coronavirus will come in the headlines as soon as data for January is reported. The coronavirus death toll hit 1900 while there are over 72430 confirmed cases [...]
Crude oil price trades lower today as the rebound from the recent lows at $53.08 pause. Black gold managed to rebound the previous week as coronavirus fears ease. But the headlines are not favourable for crude as Japan reported yesterday an economic contraction for the fourth quarter of 2019, while [...]
