Coronavirus (COVID-19) news


How COVID-19 is moving markets?

How covid-19 impacts markets

The first case of Coronavirus (COVID-19) appeared in December 2019 in Wuhan, China. Since early 2020, this disease has spread rapidly, generating medical crises, overwhelming hospitals and prompting governments to enact lockdowns around the world.

During the first months, investors responded with a sharp panic-selling response to the possible economic collapse, typical to such black-swan events.

The pandemic had a wide-ranging and severe impact on financial markets, including stocks, bonds, and commodities. Governments and central banks moved to shore up the economies. It also had a substantial influence on businesses around the world. The uncertainty related to lockdown durations and economic recovery left many businesses closed and hit households hard.

It also had a substantial influence on businesses around the world. The uncertainty related to lockdown durations and economic recovery left many businesses closed and hit households hard.

From late 2020, vaccination efforts allowed many major economies to fully open but the Delta variant revived concerns over new restrictive measures around mid-2021. Although countries were able to avoid lockdowns, supply bottlenecks caused by the virus outbreak started to ramp up price pressures. Central banks are looking to set their policy in a way to battle inflation while keeping the growth momentum alive.

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EUR/USD comes under pressure near 1.1700

EUR/USD comes under pressure near 1.1700

EUR/USD is paring back part of its earlier gains, easing towards the 1.1700 area as the US Dollar stages a modest rebound. The Greenback is finding some support as markets continue to digest President Trump’s speech at the World Economic Forum in Davos.

GBP/USD looks vacillating around 1.3430

GBP/USD looks vacillating around 1.3430

GBP/USD is alternating gains with losses midweek, pushing back towards the 1.3430 area after bottoming out near the 1.3400 support. The modest recovery in Cable comes as the US Dollar advances modestly following President Trump’s comments at the World Economic Forum.

Gold corrects sharply lower, bulls retain control

Gold corrects sharply lower, bulls retain control

Gold pushed its rally further on Wednesday, hitting a fresh all-time high near $4,900 per troy ounce earlier in the session. Risk appetite remains fragile, with investors staying cautious after President Trump delivered his speech in Davos, while EU–US tensions over the Greenland issue continue to simmer.

Crypto Today: Bitcoin, Ethereum, XRP stabilize despite weakening institutional, retail demand

Crypto Today: Bitcoin, Ethereum, XRP stabilize despite weakening institutional, retail demand

Bitcoin holds below $90,000 on Wednesday, weighed down by weakening institutional and retail demand. Ethereum defends $2,900 support amid resumption of spot ETF withdrawals. XRP holds above $1.90 as US-listed spot ETFs record the second outflow since launch.

US President Trump at WEF in Davos: No nation can secure Greenland other than US

US President Trump at WEF in Davos: No nation can secure Greenland other than US

US President Donald Trump delivers a keynote speech at the World Economic Forum (WEF) held in Davos. "Certain places in Europe not recognizable any more."

Signatures