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WTI falled below $20
FOREX Despite some weakness against both the dollar and the euro during Asian trading hours, the pound is back on the front foot during early trading in Europe. Sterling’s volatility stems from the admission into hospital of Prime Minister Boris Johnson and also by a timid global resurgence in risk appetite. Unless his condition worsens,[…]
Oil price jumped rapidly
FOREX Yesterday the index that measures the performance of the dollar against other major currencies climbed 2.2%. The greenback’s gains happened alongside publication of the worst ever US unemployment data, with more than 6.6 million registering for unemployment in a single week. This somehow counterintuitive behaviour of the American currency, going up when the country’s[…]
Early declines on European stocks
FOREX The US Dollar Index, which measures the performance of the greenback versus a basket of other currencies, was pretty much flat during early Thursday trading. Recently investors had sought refuge in the dollar, with the fallout from the coronavirus creating a very risky trading environment with losses across nearly all sectors. Today however that[…]