Financial news and actionable analysis
GBPUSD hit in the early Asian session the multi-year lowest level at 1.1411 but managed to rebound sharply and reversed all of yesterday’s loses. The Bank of England in a surprising move yesterday cut the interest rates from 0.25% to 0.1%. The BOE also announced the increase of UK government...
FTSE 100 jumps in early trading as the coordinated central banks’ intervention ease the coronavirus fears. Bank of England yesterday in surprising move cut the interest rates down from 0.25% to 0.1%. The central bank also announced the increase of UK government and corporate bonds holdings by £200 billion....
Gold price managed to rebound today and reverse yesterday’s losses as the precious metal bounced from oversold levels. Gold is under selling pressure amid the global sell-off due to the coronavirus outbreak. Investors liquidate portfolios even safe-haven assets in the search for cash....
Crude oil price managed to rebound today after yesterday’s sharp drop to the lowest levels since 2003. Crude oil price hit yesterday $20.50 as the excess supply amid the price war between Saudi Arabia and Russia pressured crude oil prices....
Dax index despite a positive start turned lower a of writing as the easing package from European Central Bank failed to calm investors. ECB announced earlier a bond buying program of 750 billion of company and government debt across the eurozone in an emergency move to offset the coronavirus outbreak...
