Market News

Market News | News for Forex, Commodities and Indices | ZFX
Fed rate cut to 0%, USD drops in European session
The new coronavirus continues to ravage the world. Not only many cases were found in Europe such as Spain, the United Kingdom, and France, but also in the United States. US President Trump announced an emergency state last Friday and he said that 50 billion USD fund will be ready for the severe epidemic. Before the market open this week, the Federal Reserve significantly reduced the fed fund rate from the target range of 1% - 1.25% to 0% - 0.25%, and also announced the implementation of
16-03-2020 10:09
Market News | News for Forex, Commodities and Indices | ZFX
Central banks take action, but sell-offs continue
Financial markets were plagued by global epidemics last week. Investor confidence was still very weak, and the market trend was highly emotional. Before the market open today, the Federal Reserve suddenly further cut the interest rate by 100 basis points. Australia, New Zealand and Japan also announce the stimulus plan together, in order to deal with the impact of the global epidemic, stimulate the frozen economy.   However, market concerns have not eased and selling pressure
16-03-2020 06:46
Market News | News for Forex, Commodities and Indices | ZFX
Dollar keep strong on Friday, supported by safe-haven demand
Investors are scrambling to buy US dollars as panic about the new coronavirus epidemic has intensified. Faced with the big collapse of the financial market, investors are lost and were only eager to sell risky assets.   ZFX analyst Jacob Leung said that the market is busy for "cash out", which imply a shortage of dollars.   The Federal Reserve finally take action to inject $1.5 trillion in short-term funds into the market on Thursday.   However, those measures
13-03-2020 10:06
Market News | News for Forex, Commodities and Indices | ZFX
Market sentiment improved slightly on Friday European session
Today's Black Friday, the Asian stock market were panic at the early session. The Hong Kong Hang Seng Index plunged this morning, falling by 1789 points to a low level of 22519 points.   But after noon, market sentiment began to improve. The three major US stock index futures stop further dropping, and they are currently bounce back more than 3%. Earlier, it was reported that Pelosi, the speaker of the US House of Representatives, was close to reaching an agreement with the Trump
13-03-2020 09:44
Market News | News for Forex, Commodities and Indices | ZFX
“Cash is king” ,Fed takes action
The financial market collapsed again on Thursday. The Dow fell more than 2350 points, or 9.99%, the worst day since the stock market crash in 1987 (Black Monday), reflecting the pessimism on Wall Street.   Countries over the world continue to do everything possible to assure the market. The Federal Reserve announced last night that it will inject 1.5 trillion US dollars of the short-term funds into the market. However, the measures is not likely to boost investor confidence that
13-03-2020 09:33
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