Market News

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 will
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
Market News | News for Forex, Commodities and Indices | ZFX
Dollar falls to two-month low as traders expect further Fed rate cuts
The U.S. dollar fell to a new eight-week low as U.S. benchmark 10-year Treasury yields fell to a new low. Dealers now expect that, the Federal Reserve Board (FED) will have a further rate cut at least 25 basis points, after an emergency 50 basis points cut this week. Fearing the economic impact of the new crown epidemic, the FED this week eased monetary policy to protect the economy. As the market now even is pricing in more and more rate cut by FED, it has already damaged the uptrend of the
06-03-2020 07:38
Market News | News for Forex, Commodities and Indices | ZFX
Oil prices drop, demand concerns OPEC plan to further output cut
Oil prices fell on Thursday as there was no sign of a slowdown in the new crown virus epidemic, heightening concerns about the global economy, and prompting investors to sell more high-risk assets such as stocks and crude oil, and shift funds to safe-haven assets. Although the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut production by another 1.5 million barrels per day in the second quarter, the largest production cut since the financial crisis in 2008, oil prices
06-03-2020 07:25
Market News | News for Forex, Commodities and Indices | ZFX
Gold welcomes market turmoil, will non-farm make a new high?
In the Asian session on March 6, gold price is ranging around $1670 level. It hits the $1680 mark during the session and is currently pulling back slightly to $1677.   Yesterday, gold price continued to rise due to market concerns about the continuous spread of the new crown virus, causing funds to seek for safe-haven assets. On the other hand, the US dollar index fell sharply yesterday, reached a low level at 96.5, a new low this week, while US 10-year Treasury bonds and 30-year
06-03-2020 07:18
Market News | News for Forex, Commodities and Indices | ZFX
U.S. stocks soar due to Biden’s strong performance in Super Tuesday
The US stock market rebounded strongly on Wednesday, with both the Dow and the S & P 500 rising more than 4%. The strong performance of former US Vice President Biden in the “Super Tuesday” Democratic primary election injected a boost in market confidence. Biden led the primaries and will win 10 of the 14 states holding the primaries, boosting health care stocks, and optimistic economic data eased concerns about the impact of the “new crown” epidemic. A report showed U.S.
05-03-2020 07:00
Market News | News for Forex, Commodities and Indices | ZFX
Fed cut interest rate 50 basis points, investors still expect the uncertainty
The dollar fell across the board on Tuesday after the U.S. Federal Reserve (Fed) urgently cut interest rates to protect the world’s largest economy from the impact of the “new virus”.   Although Fed Chairman Powell reiterated his view that the US economy is still strong, he acknowledged that the spread of the virus has led to a substantial change in the Fed’s outlook on economic growth prospects.   “The epidemic and the measures being taken to control the
04-03-2020 06:57