The British pound fell to its lowest levels against the US dollar since April 7th in early trading on Thursday. Grim GDP data resulting from the coronavirus lockdown weighed on sterling, while the dollar was lifted by dismissive comments on negative interest rates by Federal Reserve chairman Jerome Powell.
Bitcoin has just gone through its third ‘halving’ since it launched 11 years ago. The event takes place roughly every four years to cut the reward given to miners for solving complex mathematical problems using high-powered computers.
Many analysts feel that we are not out of the woods yet. We see most economies talking about lifting social distancing restrictions, which means that we can drive our cars to the petrol station, but we aren’t likely to be heading to the airport anytime soon. Manufacturing may begin but it will probably limp back to life as companies will have to ease the workforce back, slowly and safely, and perhaps with limited production.
Boris Schlossberg is one of the most familiar faces in forex, in part thanks to his regular appearances on CNBC and at major industry events.
The devastating effect of Covid-19 on the US economy became clearer on Friday with the release of the highly anticipated US employment report.
In this article, we explore why you might want a forex trading mentor by your side, what their motivations are for sharing their forex trading secrets and most important of all, how to identify warning signs.
The US dollar rallied sharply on Monday, lifted by safe haven flows as fears grew over rising tensions between the US and China. Both US President Trump and Secretary of State Mike Mike Pompeo have laid the blame for the pandemic on China.
Bitcoin extended its gains in early Thursday trading, reaching almost 9,500 before retracing sharply. The world’s largest cryptocurrency by market capitalization has benefited from its appeal as a hedge against inflation amid unprecedented stimulus by central banks.
AUD/USD rallied to its highest level since March 11 in early trading on Tuesday, as Australia stands out as one of the countries having best managing the Coronavirus pandemic. The country responded quickly, closing its borders and imposing restrictions on movement. With new cases falling sharply over recent weeks, Australia began to ease social distancing restrictions. Sydney’s famed Bondi beach was reopened on Tuesday to local swimmers after a month-long closure.