The gesture of Christine Lagarde reflected by itself the concern of the European Central Bank (ECB) on the evolution of the economy in the Eurozone in full swing of coronavirus infections and containment measures in its member countries. The words of the French president confirmed that concern. “The recovery is losing momentum faster than expected” […]
Tag: Coronavirus
The Generalitat will order the territorial confinement of Catalonia to stop the contagion of coronavirus
The Generalitat will today approve the perimeter confinement of Catalonia among its new measures to stop the spread of the coronavirus. The Government, which meets this morning in an extraordinary Executive Council, will announce a series of restrictions with the aim of reducing the number of Covid cases in the community. According to Rac1, the […]
The Government recognizes that direct investments place the Balearic Islands “clearly below the average” and the PP qualifies it as an “affront”
 The Minister of Finance and Foreign Relations of the Government, Rosario Sánchez, has assured this Thursday that the direct investments for the autonomous communities foreseen in the preliminary draft of the General State Budgets they place the Balearic Islands “clearly below the average for the rest of the State”, with a total of 201.64 million […]
USD / JPY recovers from multi-week lows, lacks follow-up amid weakened risk sentiment
USD / JPY managed to find some support near 104.00 amid widespread USD strength. The US dollar held firm after data showed the US economy grew 33.1% between July and September. A new leg to the downside in equity markets sustained the safe-haven JPY and limited gains. The USD / JPY pair managed to bounce […]
USD / CAD recovers to 1-month highs, rapidly approaching 1.3400
Resurgent USD demand helped USD / CAD rally around 100 pips from daily lows. The USD held high following the release of a stronger than expected US GDP report. The fall in oil prices undermined the Canadian dollar. The pair USD / CAD it rallied around 100 pips from daily lows and spiked to nearly […]
Gold falls near one-month lows, below $ 1,870 after US GDP.
Resurgent demand for the US dollar sparked further gold sales on Thursday. The USD remained high after the release of the optimistic US Q3 GDP report. The US economy expanded at an annualized rate of 33.1% compared to the 31% expected. The gold it extended its sharp intraday slide during the early North American session […]
USD / JPY at five-week lows near 104.00 level
USD / JPY is moving negative for the third day in a row on Thursday. Concerns about rising COVID-19 cases benefit the safe haven JPY and put some pressure on the pair. A modest pickup in USD demand could help limit the deeper losses ahead of the release of US Q3 GDP. The pair USD/JPY […]
GBP / USD returns initial gains and falls back below 1.3000 level
A nice bounce in equity markets helped GBP / USD gain some traction on Thursday. Nervousness over the coronavirus continues to benefit the safe-haven USD and limits the pair’s initial rally. Investors are waiting for the release of the US Q3 GDP Advanced Report to get some momentum. The pair GBP/USD goes back around 40 […]
Delfraissy says new lockdown due to COVID-19 may extend beyond December 1
France’s national lockdown could be extended beyond its initial December 1 deadlinethe government’s scientific adviser, Professor Jean-François Delfraissy, said Thursday. Delfraissy has said: “By December 1, we will not be in 5,000 infections a day. I can say it today. We will need more time“. His comments come after the president Emmanuel Macron said Wednesday […]
“Soft lockdown” to allow the economy to function more normally in December
As Germany prepares for a ‘soft confinement‘as of November 2, Helge Braun, Chief of Staff of the German Chancellor, Angela Merkel, said he is confident that the lockdown can prevent hospitals from being overwhelmed by coronavirus patients. “The lockdown that Merkel agreed with the state prime ministers was aimed at allowing the economy to function […]
