Wednesday, May 6th—today's news: researchers find a new, more contagious strain of COVID-19 in the US. European corporate profits drop amid the pandemic, the US-China trade war is about to escalate further, experts say. EUR/USD is at 1.0801, GBP/USD—1.2384; Brent oil is $31.19 per barrel, gold is $1,709.65. Read the …
Thursday, April 30th—today's news: oil giant Shell cuts dividends for the first time since WW2. European markets await the ECB meeting, cryptocurrency market surged $35 billion in the last 24 hours propelled by a jump in bitcoin. EUR/USD is at 1.0878, GBP/USD—1.2494; Brent oil is $26.20 per barrel, gold is $1,729.35. Read the daily …
As part of the crisis response measures in the US, the Federal Reserve cut the interest rate to nearly zero, and provided $2.3 trillion to support the economy. Other governments are not far behind, consistently throwing liquidity at the coronavirus crisis. Traders and investors should be ready for even more …
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