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Market News

Market News | News for Forex, Commodities and Indices | ZFX
Worries about economic recession, oil prices fall again
On Wednesday, the WHO announced the new coronavirus epidemic as a "global pandemic", sparking even more panic in the market. As more countries are expected to take measures to limit people activities to prevent the spread of the epidemic, investors are worried that this will further damage the weak economy.   The pneumonia epidemic of the new coronavirus has raged in more than 100 countries around the world, and more than 120,000 people have infected, causing huge economic losses.
12-03-2020 10:45
Market News | News for Forex, Commodities and Indices | ZFX
Dollar Index rebounded in European session, ranging around 96.5
The CPI data in US was released on Wednesday, which performed in line with expectations. It further stabilizes the bounce back of the USD. On Thursday, the US dollar is ranging above 96 at 96.58. In short term, Dollar Index is likely to be uptrend.   US President Trump is considering to launch a series of fiscal stimulus packages. Although there are no more details, investors are expected the US economy, to a certain extent, still buffered by the impact of the current epidemic. On
12-03-2020 09:48
Market News | News for Forex, Commodities and Indices | ZFX
U.S. stocks are still dropping sharply, a bearish market technically
US stocks suffered another crazy sell-off. The Dow closed down more than 1400 points, a drop of 5.9%, technically a bear market signal. The Canadian and Brazilian stock markets triggered the market halt again, the second time this week.   The WHO announced Wednesday that the "new crown virus" is a global pandemic. Global experts said the announcement of a pandemic will have significant political and economic implications. It will further affect the world markets, resulting in much
12-03-2020 07:23
Market News | News for Forex, Commodities and Indices | ZFX
Forex and Oil market continues to fluctuate, investors remain vigilant
The U.S. dollar rebounded on Tuesday (March 10) as investors expected that further stimulus from global leaders will boost the economy. In particular, US President Trump will request Congress to cut the income taxes together with the other "significant" stimulus measures coming.   Generally, investors are uncertain about the details of the plan. Although market sentiment has stabilized, it is still quite vigilant. However, the fiscal stimulus package is relatively direct and
11-03-2020 10:36
Market News | News for Forex, Commodities and Indices | ZFX
Governments continue to implement policies, the dollar rebounded
No economic figure was released in the United States on Tuesday, but financial market conditions remained volatile, mainly due to the impact of the epidemic, and also because US President Trump announces that economic stimulus measures will be implemented.   Some major central banks, such as Australia, Canada, and the United States, have made the first move. Today Wednesday(March 11)before the European session, the Bank of England also joined the team to cut interest rate by 50 basis
11-03-2020 08:07
Market News | News for Forex, Commodities and Indices | ZFX
Measures boost the economies, gold prices drop significantly
Gold price dropped significantly on Tuesday (March 10). It continued to fall from a new high level, since December 2012, but the downtrend was fluctuated. The volatility was close to $40.     US President Trump said that "significant" measures will be taken to boost the economy, which is the main reason for the decline in gold price. In response to the impact of the new coronavirus pneumonia epidemic on the economy, it is basically expected that countries around the world
11-03-2020 03:53
Market News | News for Forex, Commodities and Indices | ZFX
Virus spread in Europe, ease the euro gains
Yesterday Eurozone figures were mixed, with the March Sentix Investor Confidence Index showing a continued recession, suggesting that the epidemic is gradually eroding consumer confidence in the economic outlook, coupled with Italy ’s further travel ban and the adoption of more aggressive epidemic prevention measures, while Germany also reported the first case of death, it is expected that the manufacturing and economic activities of the euro zone may go back to the "winter" again, making the
10-03-2020 08:23
Market News | News for Forex, Commodities and Indices | ZFX
Governments should take measures such as cash distribution and tax relief to deal with the impact of the new coronavirus epidemic, IMF said
International Monetary Fund (IMF) chief economist Gita Gopinath said on Monday that government policymakers will need to implement "a large number of" targeted fiscal, monetary and financial market measures to ease the rapidly spreading economic impact of new coronavirus outbreaks.   In a blog posted on the IMF's website, Gopinath said her first recommendation was to send cash directly to homes and businesses. She added that a broad interest rate cut may increase confidence to
10-03-2020 07:40
Market News | News for Forex, Commodities and Indices | ZFX
Saudi Arabia starts oil price war, gold price hits $1700 in Asian session
Gold price has fallen since reaching the high of several years. In the earlier session, due to risk aversion sentiment this week, most likely caused by the news and decision from Saudi Arabia and Russia, gold price has been pushed up to above $1,700 level,  reaching a high of $1,703.40.   But before the European opening, it fell 0.73% to $1,662.80. The rebound of Asian stock markets since the fall of more than 4%, may be one of the reason to trigger a drop in gold price. However,
09-03-2020 08:14
Market News | News for Forex, Commodities and Indices | ZFX
Asian stocks expected to slump, Saudi Arabia cuts prices, hits oil market
Asian stock markets are expected to be severely hit on Monday. Investors will keep seek for the safe heaven, the bond market, to hedge against the economic impact of the new crown virus epidemic. Over the weekend, a big new is that Saudi Arabia will plan to sharply cut the official oil prices. In the earlier session today, oil prices have plummeted by more than 20%.   Saudi Arabia plans to sharply increase production after the Organization of the Petroleum Exporting Countries (OPEC)
09-03-2020 01:52