USD / CAD is witnessing some selling on Friday amid a softer tone around the USD. Nervousness over the coronavirus should continue to offer support to the safe-haven USD. Weaker crude oil prices could weigh on the CAD and help limit deeper losses. He USD / CAD moves lower during the European session on Friday, […]
Tag: Coronavirus
AUD / USD with modest losses below 0.7100 level
Strong expectations that the RBA will act in November weighed on the AUD. New nervousness around coronavirus benefits USD as safe haven and puts pressure on AUD / USD Investors are waiting for US macro data to get some short-term trading opportunities. The pair AUD/USD has recovered most of the initial drop and remains with […]
Wartime restorers for closing bars and restaurants in Catalonia to stop the coronavirus
“A death sentence for the restoration and for Barcelona”. This is how the sector rates the Generalitat’s measures to close bars and restaurants for 15 days and thus curb the increased risk of coronavirus. They consider that it is a “disproportionate and unfair proposal, in line with those that the Government has taken for weeks […]
Keraben and ITC verify the health safety of ceramics against viruses and their resistance to disinfectants
One of the main actions taken and recommended by the authorities to minimize the spread of Covid-19 is the disinfection of spaces. This is often done with aggressive chemicals that, given their toxicity, impact the treated coating materials, human health and ecosystems. But do all cladding materials equally resist intensive disinfection? Faced with this question, […]
World Bank chief economist warns of major financial crisis emerging from coronavirus pandemic
The coronavirus pandemic is likely to transform into a major financial crisis, World Bank chief economist Carmen Reinhart has warned in an interview with Bloomberg Television. Key Comments: “This didn’t start out as a financial crisis, but it is transforming into a major economic crisis, with very serious financial consequences. “ “There is a long […]
USD / JPY negative around 105.30-25 region
USD / JPY witnesses some new selling on Friday and returns a portion of the previous day’s gains. A modest USD pullback and weaker US bond yields put downward pressure on the pair. The decline remains limited, which warrants some caution before opening new bearish positions. The pair USD/JPY remains on the defensive at the […]
Germany hits new record for daily infections, bad news from Remdesivir and Johnson & Johnson
The latest coronavirus updates from Germany’s Robert Koch Institute (RKI) suggest that the European powerhouse is in deep trouble when it comes to the virus. Daily new cases rose beyond Thursday’s record level of 6,638 to 7,334 new infections, bringing the total count to 348,557. The number of deaths, however, seems to decrease from 33 […]
USD / CAD rises to new one-week highs, slowly approaching 1.3250
USD / CAD gains strong positive traction and recovers to week-long highs on Thursday. Bearish market sentiment benefits the USD as a safe haven and supports the pair’s upward move. A sharp drop in crude oil prices weighs on the CAD and provides additional momentum. The pair USD / CAD continues to move higher at […]
USA: Politics gets in the way of more fiscal stimulus – Secretary Mnuchin
In an interview with CNBC on Thursday, US Treasury Secretary Steven Mnuchin said that “It will be difficult to reach an agreement” for more fiscal stimuli to alleviate the impact of the coronavirus, as reported by Reuters. “Politics stands in the way of the coronavirus aid bill,” Mnuchin said. He indicated that the president is […]
USD / JPY Stable Above 105.00, Lacks Tracking
USD / JPY gained some positive traction on Thursday amid resurgent USD demand. Risk aversion and falling US bond yields kept the pair’s strong gains in check. The pair USD/JPY it maintained its modest gains during the first half of the North American session, although it lacked a solid following and fell around 15 pips […]
