A decade after The Great Recession, Americans are dealing with the worst economy since The Great Depression. Onset by the coronavirus pandemic, US growth cratered in the second quarter of 2020, with inconsistent evidence emerging of a widespread V-shaped recovery in the third quarter.
Japan lowered infection risk advisory for China and eight other countries to level 2 from level 3, the Foreign Minister Motegi announced on Friday.
Analysts at Goldman Sachs said in a note released on Thursday, massive fiscal and monetary stimulus deployed by governments and major central banks is likely to bode well for the commodities market in 2021.
Eurozone coronavirus cases are on the rise, prompting additional restrictions across the old continent while US fiscal stimulus talks are going nowhere fast. The EUR/USD pair reflects these developments as seems to have mark a top at 1.1830. Terence Wu, FX Strategists at OCBC Bank, sees the world’s most popular currency pair heading towards 1.17.
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Economist at UOB Group Lee Sue Ann reviewed the recent fiscal measures announced by the Australian government.
CME Group’s flash data for crude oil futures markets showed open interest rose for yet another session, this time by just 688 contracts. In the same line, volume increased for the second session in a row, now by around 43.2K contracts.
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USD/CHF is consolidating its four-day winning streak to two-month highs of 0.9245 amid the ongoing US dollar’s upbeat momentum, as the focus now shifts towards the Swiss National Bank’s (SNB) quarterly monetary policy assessment, due later on Thursday at 0730 GMT.
Vancouver, Canada – As the world is beginning to gain pace with respect to rising demands in the global marketplace, Infratrader emerges once again as the one-stop-shop for commodities broking services.
