Gold gained some follow-up traction for the second straight session on Monday. A moderate demand from the USD, the political uncertainty of the United States provided a slight boost to the raw material. Signs of a strong opening in the US equity markets could contain any additional gains. The gold it maintained its bidding tone […]
Tag: Coronavirus
Germany: 30% of the German population is in a risk group for coronavirus
“Measures that reduce contact between people are successful,” said the German chancellor, Angela Merkel, and noted that they will likely have to limit person-to-person contacts in private during all winter months, according to Reuters. Additional conclusions “We understand that people are disappointed that the virus is taking so long.” “The light at the end of […]
Updates session highs near 1.2940, lacks tracking
GBP / USD bounces rapidly from the confluence support at 1.2860-55. Mixed technical indicators warrant some caution for bull traders. The pair GBP/USD managed to bounce around 45 pips from the daily lows and updated the session highs, around the 1.2940 region in the last hour. The intraday decline stalled near the confluence support at […]
Money from the ‘correbous’ to alleviate the effects of the coronavirus crisis
Forced to alter or suspend their patron saint festivities due to the coronavirus crisis, several Catalan municipalities have canceled the traditional ones this year correbous and they have allocated the budget items for bullfighting festivities (which amount to 850,000 euros per year throughout the community, according to animal groups) to measures against the effects of […]
EUR / GBP returns part of the initial gains and falls back towards the 0.9000 region
The EUR / GBP gained some traction on Monday in reaction to the new COVID-19 lockdown in the UK. Euro bulls refrain from opening aggressive positions due to pessimistic expectations from the ECB. The crossing EUR/GBP has returned some of its initial gains near the 0.9050 region and has now returned to the lower end […]
Nightlife adds 800,000 euros in losses with its ‘blackout’ due to the virus
The inactivity imposed on nightlife by the coronavirus has left an economic hole of great depth in the box of the sector. The premises that, without the pandemic, concentrated hundreds of young people weekend after weekend in crowded spaces, now have the door shut tight. For the public administration, your activity is incompatible with the […]
Gold rises to daily highs near $ 1,890 level
Gold gains traction for the second day in a row on Monday amid political uncertainty in the United States. A stronger USD and a positive tone around the stock markets could limit any strong bullish movement. The gold has moved higher during the European session on Monday and has reached new daily highs, around the […]
GBP / USD falls near month-long lows, around 1.2850 level
GBP / USD has seen some new selling after the UK announced a second national lockdown. Concerns about the economic consequences of the COVID-19 restrictions have benefited the safe haven USD. Technical selling below the 1.2880 level appears to have further compounded the downward pressure. The pair GBP/USD has extended its recent downward movement and […]
AUD / USD falls below 0.7000, the lowest level since July 20
A combination of factors continues to put some pressure around AUD / USD on Monday. RBA’s pessimistic expectations and escalating trade tensions with China weigh on the AUD. Political uncertainty in the United States could help limit deeper losses for the pair, at least for now. The pair AUD/USD remains under pressure at the start […]
USD / JPY rises near the 105.00 level, approaching one-week highs
USD / JPY manages to attract some buying amid a decline in demand for the safe haven JPY. Political uncertainty in the US prevents USD bulls from opening new positions and could limit the pair’s rally. Investors await the release of the US ISM Manufacturing PMI to get some momentum. Selling tone around Japanese safe-haven […]
