Tag Archives: Currencies

The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus has spread in a dozen other countries across the globe, raising a red alert to investors who are wary of the likelihood of an economic recession.As a result of the coronavirus outbreak, big investment...

As it was predicted by market analysts last week, the coronavirus epidemic plunged stocks in mainland China as markets reopened. The markets had remained closed because the government extended the Lunar New Year Holiday in efforts to curb the spread of the outbreak. Before now, the world was already feeling the effects of the spread. Several financial markets had plunged and now, China has joined the plunge.Coronavirus Crashes Stocks in ChinaOn Monday, stocks generally crashed by at least 7%....

The leaders of the European council and commission, Ursula von der Leyen and Charles Michel have signed the Brexit agreement in Brussels. It happened seven days before the agreements will gain full juridical force.The House of Commons submitted the initial draft of Brexit docs and then rejected the corrections made by the ‘oldies’. The powerful youth said that the bill must pass without changes, and the Lords gave up. After House of Lords’ approval, the bill is receiving the royal assent on...

Ever since the geopolitical tensions in the Middle East where top Iranian military commander Qassem Soleimani died, the incident is the main explainer for why gold reached six-year highs. Now when in the recent days the Swiss Franc is surging, Goldman Sachs Co-Head of Global Foreign Exchange Zach Pandl believes it could be because it may be being used as a proxy for gold. He says that CHF follows gold in terms of price swings. Pandl said that on Monday morning it was trading around...

During the early trade on Tuesday, December 17, pound sterling fell more than 1% as several media reports suggested that U.K. Prime Minister Boris Johnson pledged to not delay the Brexit transition period by the end of 2020.As per the Bloomberg report, Johnson’s planned legislation will have a legal text that prevents the British government from further delaying the day when Britain disconnects itself from the EU laws, even if no new trade terms are secured in the stipulated time period.As...