Blogs

The West Texas Intermediate Crude Oil market initially fell during the trading session on Monday to kick off the week, as we continue to see a serious lack of demand

Cryptocurrency prices have surged in the past 24 hours, adding some $14 billion in value to the cryptocurrency markets,

Here are the latest Forex and market news around the globe for March 24, 2020.

The overnight rally in EUR/USD may soon reverse after the latest set of Eurozone sentiment readings missed even the most pessimistic expectations.

Sterling has steadied and the outlook has brightened for GBP/USD as the Federal Reserve’s promise of unlimited US Dollar funding continues to help riskier assets such as GBP, AUD and crude oil.

EUR/USD may fall if PMI data out of the two largest economies in the world stokes demand for liquidity and pushes the US Dollar higher.

<p>UK PMI Manufacturing dropped to 48.0 in March, down from 51.7, hitting a 3-month low. PMI Services dropped from 53.2 to 35.7, a record low. PMI Composite dropped from 53.0 to 37.1, also a record low. Chris Williamson, Chief Business Economist at IHS Markit, said: &#8220;The surveys highlight how the COVID-19 outbreak has already dealt

<p>Eurozone PMI Manufacturing dropped to 44.8 in March, down from 49.2, hitting a 92-month low. PMI Services dropped to 28.4, down from 52.6, hitting a record low. PMI Composite dropped to 31.4, down form 51.6, hitting a record low too. Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit said: […]

<p>German PMI Manufacturing dropped to 45.7 in March, down from 48.0, hitting a 2-month low. PMI Services dropped to 34.5, down from 52.5, a record low. PMI Composite dropped to 37.2, down from 50.7, a 133-month low. Commenting on the flash PMI data, Phil Smith, Principal Economist at IHS Markit said: “The unprecedented collapse in [&he

<p>France PMI Manufacturing dropped to 42.9 in March, down from 49.7, hitting a 86-month low. PMI Services plummeted to 29.0, down from 52.6, hitting series low. PMI Composite dropped to 30.2, down from 51.9, also a record low. The data suggested that French private sector activity contracted at the sharpest rate in nearly 22 years […]