A good recovery in USD demand triggers further selling around AUD / USD on Monday. A combination of factors weighs on investor sentiment and benefits the safe haven USD. Some subsequent selling below the 0.7100 level should pave the way for a further drop. The pair AUD/USD has moved lower and is trading near the […]
Tag: Coronavirus
Coronavirus Concerns and Diminishing Stimulus Hopes Boost Dollar, Weigh on Gold
This is what you need to know to trade today Monday, October 26: A sentiment of risk aversion has gripped the markets as coronavirus cases rise in Europe and the United States. Talks about fiscal stimulus appear to be on the brink of collapse in Washington and also weigh on the mood. Talks about Brexit […]
Tax freeze in Catalan municipalities due to the coronavirus crisis
 The health emergency situation due to the coronavirus has forced Catalan municipalities to take drastic measures. In general, the local administration bets on Catalua for freezing rates and taxes in 2021. The Barcelona’s town hall It plans to freeze all municipal taxes next year with the exception of the terrace tax, which will maintain the […]
AUD / USD sharply retreats from week-long high, bears flirt with 0.7100 level
AUD / USD cannot capitalize on its positive intraday move to more than a week high. RBA’s pessimistic expectations prevent bulls from opening aggressive new positions and limiting the pair’s rally. Cautious sentiment further pushes cash flows out of the higher perceived risk AUD. The pair AUD/USD has rapidly retraced more than 50 pips at […]
More than 40,000 workers in ERTE after the closure of restaurants and bars in Catalonia due to the coronavirus
The closure of bars and restaurants and restrictions on other businesses to combat the second wave of the Covid pandemic in Catalua has triggered again the Temporary Employment Regulation Files (ERTE), which, in just one week, rise to 4,871 and affect a total of 41,054 workers. According to the latest data from Department of […]
The hoteliers of Valencia calculate that the curfew will cost them one million euros a day
The imminent curfew from 0 to 6 hours announced yesterday by the president of the Generalitat, Ximo Puig, to stop the advance of the coronavirus in the Valencian Community has not been well received by some associations in the hospitality sector. Despite the fact that the social agents (the unions and the employers) gave […]
XAU / USD rises above the $ 1,910 level again
Gold gains traction on Friday and recovers part of the previous day’s drop to weekly lows. The emergence of some new selling around the USD offers some support for the precious metal. A positive tone in the stock markets could limit strong gains in gold. The gold has moved higher during the European session on […]
The Catalan Pyrenees finalizes the opening of a ski season marked by the coronavirus
After closing suddenly in mid-March due to the start of the coronavirus pandemic, the ski resorts of the Catalan Pyrenees, most of them in the hands of the Generalitat, are finalizing their set-up for the first conditional ski season by the Covid, whose second hello causes new uncertainties. The objective is to open our […]
Germany’s RKI declares Ireland, Poland, Switzerland and the UK as risk areas
The Robert Koch Institute (RKI) of Germany has warned of the uncontrolled spread of the coronavirus in a statement Thursday. The organism has classified Ireland, Poland, Switzerland and the United Kingdom as risk prone areas of coronavirus within the euro zone. This comes after Europe’s economic powerhouse reported 11,287 new cases of coronavirus on Thursday, […]
Haldane says UK household spending has been remarkably resilient
Bank of England Chief Economist Andy Haldane has made some upbeat comments on UK household spending, as reported by Reuters, in light of the increasing cases of coronavirus in the country. Key Comments: “UK household spending has been remarkably resilient“. “There is an open question about whether voluntary or involuntary social distancing is holding back […]
