The Surge in Coronavirus Cases Shakes Up the Chinese Government

Risk aversion dominated today’s trading after reports came out that coronavirus cases in China skyrocketed overnight. Major Asian stock indices were in the red while higher-yielding currencies like the Aussie, Kiwi, and Loonie were under pressure from sellers. EURUSD also dropped to its 2017 lows. On the other hand, gold [...]

Can China’s Economy Survive The Coronavirus?

Coronavirus Is Spreading at a Staggering Pace Headlines have been filled with news of the novel coronavirus. The disease which began in Wuhan, China, has now claimed 80 lives. As of this writing, the number of confirmed cases according to WHO, CDC, NHC, and Dingxiangyuan, is at 2,784. It has [...]

US-Iran Tensions: Iran Brands US Soldiers As Terrorists

Iran prepares to conduct the funeral ceremonies of its former Quds Force Commander, Qassem Soleimani on Tuesday. But while Soleimani’s life chapter is closed, new tensions arise as the war of words between Iran and the United States escalates. The Iranian parliament responded to the US declaration of a major [...]
Dax index Performance

DAX Index Slumps After U.S. Air Strike in Iran

DAX index slumps in the early European session as the tensions between Iran and USA increase after an airstrike in Baghdad killed General Qassem Soleimani, head of Iran’s Quds Force. Also killed Abu Mahdi al-Muhandis, deputy commander of Iran-backed militias in Iraq and at least five other people. Traders attention [...]

Who is Andrew Bailey? The New Bank of England Governor

Last Friday, the British government finally announced the next Bank of England (BOE) Governor after delaying the decision last year because of the general elections and Brexit. Mark Carney who has been heading the central bank since 2013, will be replaced by a BOE veteran, Andrew Bailey. Chancellor of the [...]