GBPUSD trades close to daily lows amid USD strength across the board. Coronavirus concerns shift investors attention to the safe-haven US Dollar. Investors ignore the recent strong economic data from the UK economy as the coronavirus uncertainty threats global economy. On Friday, the UK Manufacturing production rose in February at [...]
FTSE 100 started the week sharply lower following heavy losses in Asian stocks trades amid increasing coronavirus cases across the globe. More cases confirmed in South Korea and Japan during the weekend while the spread of the virus in France and Italy weighs on sentiment. Now investors will face an [...]
Asian equities markets are all trading lower today on renewed concerns about the coronavirus outbreak. The Hang Seng Index is down 1.79% or 487.9 points at 26,820.9. Meanwhile, South Korea’s KOSPI is in the red by 3.87%. As for the Shanghai Composite Index, it incurred a 0.28% loss for the [...]
Bitcoin price gives up all of yesterday’s gains after the number one cryptocurrency failed for the second consecutive day to hold above the $10000 mark. In early Asian session BTCUSD breached below the $10000 mark and more sellers jumped in pushing the price back to $9600. Bitcoin managed to break [...]
KOSPI Down as Coronavirus Cases Rise Aside from the majors, the South Korean markets have been hard-hit by coronavirus fears at the start of this week’s trading. This comes after confirmed coronavirus cases in the country rose sharply by 161 to 763 while its death toll is at 7. This [...]
WTI crude oil price opened with a weekend gap on concerns about the coronavirus outbreak. The commodity started this week’s trading 68 cents below its closing price from Friday as G20 leaders worried about the economic impact of COVID-19. The IMF warned that the coronavirus outbreak could push Chinese growth [...]
Contrary to higher-yielding assets like stocks and risk currencies like the Aussie and Kiwi, gold price is enjoying a bullish run amid risk aversion. XAUUSD is trading at its 7-year highs just above $1,660.00 as concerns about the coronavirus mount. Gold price chart, Monthly Read our Best Trading Ideas for [...]
Like most non-safe haven currencies like the Aussie and Kiwi, EURUSD is trading lower at the start of this week thanks to risk aversion. The currency pair opened with a 27-pip weekend gap at 1.0820. The cause of the weekend gap across most major currency pairs was the G20 Meetings [...]
AUDUSD is trading at its lowest levels since March 2009. As of this writing, the currency pair is hovering around the 0.6600 psychological handle. If there are enough sellers left in the market, it could slide lower to its 2008 low at 0.5990 which is where it bottomed following the [...]
Should We Brace for a Sell-Off on XRPUSD? After surging through the $0.3400 psychological handle, it seems that the rally on ripple price has lost steam. XRPUSD spent last weeks trading trending lower. As of this writing, the cryptocurrency is trading below $0.2800. A closer look would even reveal a [...]
