Market News

The United Kingdom's Office for Budget Responsibility, Charlie Bean said on Tuesday that he doesn't think that a cash rate cut would aid Britain's economy in the short run

In an unprecedented step, global central banks, led by the US Federal Reserve, decided on Sunday to provide monetary incentives to the global economy by enhancing liquidity amid the collapse of global financial markets due to the spread of the Coronavirus.

With millions of people of people forced to stay home around the world, mental depression has a good chance of sneaking its way into the global psyche.

The Federal Reserve's surprise rate cut on Sunday helped to provide the Pound Sterling with a lift during Monday trade in London,

During an emergency meeting, the Bank of Japan decided to ease its monetary policy, as they announced their intention to buy exchange-traded funds "aggressively"

The U.S. dollar fell by 1.5 percent against the Japanese yen during early trade in Asia on Monday as the markets reacted to the Federal Reserve’s emergency interest rate cut

In the Asian trading session, the US Dollar managed to regain its status as a safe haven currency.

Sentiment for the US Dollar continues to erode after the US President failed to provide market players with any kind of comfort or reassurance regarding the Coronavirus pandemic.

Oil markets fell yesterday, as Brent oil futures went down by 3.84 percent and Western Texas Intermediate oil futures lost 4.02 percent.

The Dow Jones Industrial Average crossed into bear territory on Wednesday, which is defined as falling 20 percent below its most recent high.

An emergency interest rate cut from the Bank of England sent the Pound lower against the common currency Euro but maintained some traction versus the US Dollar.

Reports that U.S. oil producers are cutting output sent futures higher during Wednesday’s Asian trading session

As the coronavirus epidemic continues spreading around the world, the United States government together with Congress negotiated a series of economic measures

After several days of heavy losses against safe haven currencies, the US Dollar finally steadied in London trading.

Oil prices plummeted around 24 percent on Monday, the worst daily decline since 1991.