This caused the price for the future contract of crude oil, with delivery in May, to drop to negative values. Many traders were obligated to receive a product with no way to sell or store it, so they came down to paying $40 per barrel to anyone who would accept to take their product. Trading…
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Alejandro Zambrano explained: If the borders close, the Eurozone could slump into a recession. However, the euro could rally if the coronavirus pandemic is contained early in the quarter. In relation to the USD/JPY outlook, Alejandro Zambrano added: The economic situation in Japan tends to have a low impact on the currency until the Bank…
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China 2020 Earlier this year, the same happened. When the coronavirus cases started to pick up in China, the Shanghai composite started to decline. The cases picked up quickly. However, the Chinese government acted fast, and on February 4, the Shanghai composite bottomed out, and about one day later, we saw the peak in the…
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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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The following 3M Analysis article was written by Alejandro Zambrano from ATFX. In this article, we will explore the 3M Company (ticker: MMM). You will uncover their history, business model, and why they are in the spotlight at the start of 2020. The 3M Company is a well-established conglomerate that started as the Minnesota Mining…
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As cases of the new coronavirus, 2019-nCoV, have exceeded 5,000 in China, many fear the economic impact. Just weeks after the tenuous truce the US and China achieved, the outbreak has put the already slowing Chinese economy in jeopardy, threatening to have global repercussions. The disease originated in the center of China and has already…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 28, 2020. Global markets sank heavily on Monday as more cases of coronavirus were confirmed over the weekend, with the total number of confirmed cases in the US hitting five. All three major US indices fell…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 27, 2020. This is not a trading advice. See details below: GOLD The gold price has started the week in green. Fears over the coronavirus spreading further are pulling up the price as investors are switching some liquidity from stocks…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 24, 2020. In US stocks, after tumbling 3.6% on Wednesday after disappointing on subscriber growth in the US, Netflix surged 7.2% on Thursday. It was boosted by weak results from Comcast, which has plans to get…
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