Central Banks Promise Stability as OECD Sounds Alarm

(Bloomberg) — Global central banks promised to act as needed to stabilize markets rattled by the coronavirus as the OECD warned the world economy faces its “greatest danger” since the financial crisis more than a decade ago. In an emergency…

Central Banks Promise Stability as OECD Sounds Alarm

(Bloomberg) — Global central banks promised to act as needed to stabilize markets rattled by the coronavirus as the OECD warned the world economy faces its “greatest danger” since the financial crisis more than a decade ago. In an emergency…

Euro at five-week high as dollar pressured by Fed rate cut bets

Forex5 hours ago (Mar 02, 2020 08:45AM ET) (C) Reuters. Ilustration photo of U.S. dollar and Japan Yen notes By Sujata Rao LONDON (Reuters) – The euro surged to a five-week high against the dollar on Monday, as investors discounted…

Coronavirus Is Disrupting British Factories’ Supply Chains

Forex9 hours ago (Mar 02, 2020 05:13AM ET) (Bloomberg) — The coronavirus outbreak is starting to feed through to British factory supply chains, casting doubt on whether an upswing in activity after Boris Johnson’s election will continue. IHS Markit said…

Central Banks Step In; Cases in India, New York: Virus Update

(Bloomberg) — The global death toll from the coronavirus outbreak surged past 3,000. New York City, Brussels and Berlin reported their first infections, while cases surged in South Korea. India reported two new cases, including one in the capital New…

Forex – Euro Surges, Sterling Sinks as Central Banks Ease Panic

Forex11 hours ago (Mar 02, 2020 03:09AM ET) By Geoffrey Smith Investing.com — The euro hit its highest level in a month against the dollar in early trading on Monday, while emerging market currencies rebounded sharply, as comments from central…

Forex – Yuan Rises Despite Downbeat PMI Data; Fed’s Next Move in Focus

Forex14 hours ago (Mar 02, 2020 12:12AM ET) (C) Reuters. By Alex Ho Investing.com – The Chinese yuan rose against the U.S. dollar on Monday in Asia despite the release of downbeat manufacturing data. The USD/CNY pair lost 0.3% to…

Is Apple A Buy After Its 17% Plunge?

The shares of iPhone maker, Apple (NASDAQ:AAPL) are among the hardest hit in the Dow Jones Industrial Average amid the devastating coronavirus outbreak. They are down about 17% from their peak during the last week — the worst for equities…

Commodities Week Ahead: Oil Looks To OPEC Amid Pandemic; Gold Back Above $1,600

One day at a time: that might be the best advice on how to navigate the oil and gold markets now. Crude prices look primed to continue their rebound this week from the combination of an OPEC meeting, Syrian tensions,…

Chart Of The Day: Gold In Ideal Position To Take On The $1,700 Level

As gold sold off together with the U.S. dollar and equities over the past week, it’s sent out very confusing signals. Investors and analysts struggled to make sense of it. For example, ECL SALES left a comment beneath yesterday’s post…

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