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A surge in interest in safe haven currencies resulted in the Japanese Yen gaining nearly 3% on the US Dollar as a massive decline in oil prices which sent equity and Forex markets into panic mode.

Global markets were facing intense volatility on Monday after a near 30 percent decline in oil prices over the weekend.

Oil prices crashed over the weekend and into Monday’s Asian trading session after OPEC failed to make a deal with its allies to cut production across the board.

The US Dollar came under heavy sell pressure, especially against the Euro and the Japanese Yen, attributed by analysts to a plunge in yields on US treasuries.

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<p>EU leaders failed to agree on a coordinated coronavirus response yesterday after marathon debates. European Council President Charles Michel admitted after the meeting that “We had tonight a very strong political debate. It was a useful debate, it was a necessary debate.,” The major division centered around the idea of a “

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USDJPY pair as got within 6 pips of week's high after trading to a new weeks low earlier in the day The USDJPY traded in a narrow 58 pips trading range for the week until today.&nbsp; The high for the week was on Wednesday at 107.94. The low extended down to 107.359.&nbsp;

Mosquitoes have increased after the rain… (and we all have the bite marks to prove it)… The UAE Ministry of Climate Change and Environment (MoCCaEUAE) has announced that it is intensifying its efforts to eliminate mosquitoes in the UAE. To eradicate the problem, the ministry has teamed up with numerous entities including the National Emergency, […]