Category: Market News

Daily Market analysis
April 02, 2020 BY Valentina Kirilova

Daily market commentary: China surprises oil markets with its decision to pile up crude oil stocks

EUROPEAN SHARES  Early declines on European stocks erased the advance registered during pre-market trading with uncertainty reigning everywhere this morning. Despite a new stimulus plan announced by Beijing overnight, investor sentiment continues to be dominated by the recent disappointing developments in the struggle to stem the spread of the coronavirus. The death toll continues to…

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April 01, 2020 BY Steffy Bogdanova

UK Banks give in to pressure amid coronacrisis and cut shareholders

The deputy governor of the BoE, Sam Woods contacted other bank executives to ask them to cut dividend payments and to confirm by Tuesday evening. Prudential Regulation Authority, part of BoE, stated: Although the decisions taken today will result in shareholders not receiving dividends, they are a sensible precautionary step given the unique role that…

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forex market crypto news and updates
April 01, 2020 BY Valentina Kirilova

Daily Market News: Stocks tumble as data reveals worsening coronavirus impact

Banks do away with dividends, buybacks under regulator pressure London-listed stocks rallied yesterday, following the release of data showing manufacturing in China had rebounded in March as the country emerged from its coronavirus-induced shutdown, although concerns over the accuracy of the figures persist. Despite closing the day higher, it was still a rollercoaster day for…

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Daily Market analysis
April 01, 2020 BY Valentina Kirilova

Daily market commentary: The dollar is strengthening

GOLD The gold price fell yesterday as low as $1,570, breaking down the first support level of $1,590 in the process, on growing fears that central banks will buy much less gold and other precious metals in the next few years. Despite this quick descent and despite the strength of greenback seen in the last…

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weekly markets analysis
March 30, 2020 BY Valentina Kirilova

Weekly data preview: more volatility likely ahead of the NFP

Key data points Bold indicates the most important releases for this symbol. Monday 30 March, 23.30 GMT: Japanese unemployment rate (February) - consensus 2.4%, previous 2.4% Monday 30 March, 23.30 GMT: Japanese annual retail sales (February) - consensus -1.2%, previous -0.4% Tuesday 31 March, 23.50 GMT: Tankan Large Manufacturers’ Index - consensus -10, previous 0…

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Daily Market analysis
March 30, 2020 BY Valentina Kirilova

Daily market commentary: The pound is recording losses

OIL  The weakness of stock markets is adding further bearish pressure on the oil price, with the WTI benchmark again approaching the psychological threshold of $20. Markets are now betting that the crisis could be relatively long, and the barrel is the perfect asset to be shorted by traders. From a technical point of view,…

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$2.2 trillion US stimulus package to help people affected by the coronavirus
March 30, 2020 BY Steffy Bogdanova

The US passes the biggest rescue package in history, $2.2 trillion to help people affected by the coronavirus

House Speaker Nancy Pelosi said: Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years. The history signing ceremony was held in the White House, no democratic lawmakers were invited, however, President Trump thanked "for coming together, setting aside their differences and…

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