<p>Australian government is starting lockdown measures as coronavirus spread accelerates in the country. Non-essential services, including indoor sporting venues, pubs, cinemas, bars and places of worship will be closed from midday Monday.  A total of 1642 confirmed cases are reported in the country now, with 669 in New South Wales, 355 in Vi

<p>A piece of good news regarding the coronavirus pandemic is that South Korea on Monday reported its lowest number of new cases since the peak on February 29. The KCDC said there were only 64 new confirmed cases, taking the tally to 8961. Death toll rose by 1 to 110. The number of deaths stay […]

<p>ECB Executive Board member Isabel Schnabel told German newspaper Frankfurter Allgemeine Sonntagszeitung that the central still have all of its tools available to mitigate the crisis. She said, “the ECB is in the comfortable position of having a large set of tools, none of which has been used to its full extent” “We have t

<p>St Louis Fed President James Bullard warned that US unemployment could surge to 30% in Q2 because of coronavirus shutdown. The number, if realized, would be three times more than the peak in 2007-2009 recession. GDP could contract an unprecedented -50%, with a hit of around USD 2.5T. But he also noted that this is […]

<p>For the 24 hours to 23:00 GMT, the USD rose 10.40% against the CAD and closed at 1.4398 on Friday. On the data front, Canada’s retail sales rose 0.4% on a monthly basis in January, surpassing market expectations for an advance of 0.3% and compared to a flat reading in the prior month. In the […]

<p>For the 24 hours to 23:00 GMT, the USD rose 2.50% against the CHF and closed at 0.9879 on Friday. In the Asian session, at GMT0400, the pair is trading at 0.9828, with the USD trading 0.52% lower against the CHF from Friday’s close. The pair is expected to find support at 0.9747, and a […]

<p>For the 24 hours to 23:00 GMT, the USD rose 0.93% against the JPY and closed at 111.17 on Friday. In the Asian session, at GMT0400, the pair is trading at 110.21, with the USD trading 0.86% lower against the JPY from Friday’s close. The pair is expected to find support at 109.20, and a […]

<p>For the 24 hours to 23:00 GMT, the GBP declined 11.09% against the USD and closed at 1.1583 on Friday. On the data front, UK’s public sector net borrowing posted a surplus of £0.39 billion in February, confounding market expectations for a deficit of £0.85 billion and compared to a revised surplus of £12.43 billion […]

<p>For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.0664 on Friday. On the macro front, Euro-zone’s seasonally adjusted current account surplus widened to €34.7 billion in January, less than market forecast for a surplus of €35.5 billion and compared to a surplus narrowed to €32.6 billion [&hell

<p>For the 24 hours to 23:00 GMT, Gold rose 1.05% against the USD and closed at USD 1487.50 per ounce on Friday, as fiscal measures from global central banks to counter the economic impact from coronavirus reduced investors’ appetite for cash. In the Asian session, at GMT0400, the pair is trading at 1497.40, with gold […]