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COVID

Dollar holding its own as surging covid cases and stimulus issues worry traders

October 26, 2020

The dollar held its own on Monday, as rising coronavirus cases across Europe and the United States combined with a lack of progress toward a U.S. stimulus package put traders in a cautious mood,...

Libyan Crude output & rising Covid cases having a negative effect on prices

October 21, 2020

Crude Rose over 1% on Tuesday on hopes that the United States was getting close to sealing a deal on coronavirus relief, but the continued threat to demand from rising COVID-19 cases worldwide and a...

Surging USD Climbs Close to 6-Week High as Fears of Increasing COVID Cases Return

September 22, 2020

A strengthening USD held on to overnight gains on Tuesday after virus fears and worries about U.S. stimulus drove a wave of selling in multiple currency pairs. The USD rose 0.6% against the EUR, 0.9%...
Asian Market

Asian Markets Continue to Feel the Weight of Covid Spikes and Stimulus Gridlock

September 21, 2020

Most Asian markets slumped Monday following another dismal performance on Wall Street with investors growing increasingly concerned about a new surge of infections in Europe and the US, as well as...
Oil

Rising COVID Cases and U.S-China tensions continue to push investors away from oil

July 27, 2020

Oil prices edged down on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets such as Gold and Bitcoin. Brent crude dipped 10...

Covid spikes around the Globe continue to have a negative effect on Asian markets

July 20, 2020

Monday saw shares take further losses as fresh spikes in coronavirus infections across the world forced governments to implement new containment measures, fuelling fears about the stuttering economic...
American Crude

Second COVID wave quenches China’s thirst for American Crude

June 30, 2020

As the second wave of Covid-19 infections rears its head in China’s capital once more, it now looks likely to depress the nation’s appetite for American oil just after a pick-up in purchases. It...
Dollar Strengthen

Shaky start to the week for Asian stocks as fresh surge in COVID cases sees Dollar strengthen

June 29, 2020

Fresh global COVID cases have seen Asian markets stumble again. The relentless spread of the coronavirus saw Asian markets get off to a shaky start Monday, and has yet again made some investors...
Dow Jones Plunges

Dow Jones Plunges 700 Points As Investors Worry About COVID Resurgence

June 25, 2020

Stock markets plunged on Wednesday as Wall Street’s concerns grew about a spike in new coronavirus cases, reducing optimism towards economic recovery. The Dow Jones Industrial Average closed down...
aussie

Aussie and Kiwi dollars suffer as Beijing announces possible second wave of COVID

June 15, 2020

Both the Australian and New Zealand dollars took a fall against their American counterpart today as new fears of a second wave of the coronavirus in Beijing prompted investors to sell currencies...