Forex News

The latest data published by the British health ministry revealed that the UK's death toll increased by 20% as of 16 GMT on April 3rd to 4,313 from 3,605 previously. As of Saturday morning, there were a total of 41,903 confirmed coronavirus infections. Meanwhile, NHS England Medical Director Powis noted that cases have risen but…

US President Donald Trump said on Saturday, via Twitter, that he will ask Congress for more money to support small businesses with coronavirus response loans if allocated money runs out, as reported by Reuters. "So far, way ahead of schedule. Bank of America and community banks are rocking," Trump further tweeted out. Wall Street Major equity indexes in the…

The total number of confirmed coronavirus infections in Spain rose to 124,737 as of Saturday morning from 117,710, the Health Ministry reported on Saturday. Meanwhile, the COVID-19-related fatalities in the country climbed to 11,744 from 10,935. However, 809 new fatalities showed a slowdown in the number of new deaths when compared to 932 in the…

The virtual emergency meeting between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers that was scheduled to take place on April 6th could be postponed to April 8th or 9th, Reuters reported on Saturday, citing two sources. According to sources, producers will have more time to negotiate on output cuts by delaying the meeting….

US dollar index (DXY) recouped some of the losses incurred last week.  The level to beat for buyers is the 101.00 resistance.   DXY weekly chart   DXY is trading in a bull trend above the main weekly SMAs on the weekly chart as this week the market recouped some of the losses incurred last…

Data released on Friday showed the ISM non-manufacturing index dropped in March just to 52.5, a reading significantly above expectations and still in expansion territory. Analysts at Wells Fargo, argue the index got a boost from delayed deliveries and that but business activity at 48.0 is a less-bad fall than many feared. Key Quotes:  “Part…