As the coronavirus spreads central banks are back into action and the Bank of England decided to go into Fed’s footsteps by cutting rates by 50bps outside of the scheduled monetary meeting. This means that the main rate is at just 0.25%! The move is not totally surprising for the markets but nevertheless the pound declines. EURGBP has been moving sharply up and the nearest resistance is still a distant 0.91.
Today we’ll receive the first jobs report from the U.S. this week. Although its importance has declined somewhat recently, it remains a publication...
06:36Asian markets are having a generally calm session. The main indexes are seeing moderate gains in the range of 0.00–0.60%, with the biggest...
Wall Street starts the new week with mixed sentiment in reaction to macroeconomic data and comments from Jerome Powell, which support the Fed’s...
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