Market News

Market News | News for Forex, Commodities and Indices | ZFX
Gold “Bulls” wait for a break of $1600
Following the previous day’s shock, gold price has rebounded due to the expectations that the major global central banks will introduce the policy easing.   The price of gold rose modestly in European trading on Tuesday, but it seems difficult to break $1600 level, a key resistance. Some of the investors believe that it may still be blocked.   US stocks rebounded strongly on Monday as the market expect that central banks will take action throughout the
03-03-2020 06:56
Market News | News for Forex, Commodities and Indices | ZFX
Investors are betting the Fed will announce interest rate cuts at March meeting or even earlier
The U.S. dollar fell to a six-week low against a basket of currencies on Monday, and investors bet the Federal Reserve (FED) will loosen its policy in response to the negative impact of the new Coronavirus epidemic.   The US dollar index, which measures the greenback against a basket of six other major currencies, was down 0.53% at 97.448. The intraday low was 97.176, the lowest since January 16.   Global risk assets, including stocks, were hit hard last week as investors
03-03-2020 06:55
Market News | News for Forex, Commodities and Indices | ZFX
Risk appetite may weigh on euro
Central banks everywhere have hinted that the economy will be supported by actions. Investors look forward to the coming of the “policy” market. Confidence of the investors has greatly increased and they are trying to enter back to the stock market. The whole market is also looking forward to the G7’s emergency conference call. It is also expected that governments around the world and central banks will jointly rescue the market. This news has further boosted the recent collapse of the
02-03-2020 06:54