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Asian markets open the week mildly lower on concerns of another coronavirus outbreak in Beijing. Yen, Swiss Franc and Dollar are trading generally higher. Aussie is leading commodity currencies lower.

Asian markets open the week mildly lower on concerns of another coronavirus outbreak in Beijing. Yen, Swiss Franc and Dollar are trading generally higher. Aussie is leading commodity currencies lower. Detail

US: Grim jobs report reinforces growth fears

The US economy lost 140,000 jobs in December and with Covid cases rising once again we can't rule out further economically damaging containment measures. While we remain very upbeat on the US' medium- to long-term prospects, we have to be braced for more bad economic data that could last well into 2

GBP/USD stabilises above lows as PM Johnson confirms England lockdown

GBP/USD saw little reaction when the UK PM confirmed earlier government leaks that England will enter a stricter lockdown. Prices are currently consolidating just above the 1.3550 mark after a day of steep losses. GBP/USD has flatlined just above lows of the day just under 1.3550 set midway through

The COVID-19 Vaccine and Market Implications

As the COVID-19 vaccine is released, life will revert to the “old normal”. However, that doesn’t necessarily mean it will be good for the markets! It has been over a year since the first cases of the COVID-19 were diagnosed in Wuhan, China. As a result of the virus, we have seen an unfathomable glob

Dow Ends Lower on Fears Fresh Restrictions Await as U.S. Deaths Top 300,000

Photo: Reuters (Investing.com) - The Dow closed lower after easing from record intraday highs Monday as investors weighed up the risk of further restrictions in the U.S. against optimism over the Pfizer-BioNTech vaccine rollout and renewed efforts on Capitol Hill to reach a stimulus deal. The D

Gold Price Prediction – Prices Rally on Covid Concerns

Gold rallies on higher bankruptciesGold prices continued to rally as the dollar eased and US yields moved lower. Gold prices moved higher as yields declined and riskier assets eased. Gold prices for the first time in a while moved in the opposite direction of stock prices. Concerns of addition COVID

BREAKING: U.S. Jobless Claims Leap to Highest Since September

Photo: Reuters Investing.com -- The number of people making initial claims for jobless benefits in the U.S. surged to their highest in nearly three months as the latest wave of the Covid-19 pandemic took an increasingly visible toll on the labor market. The Labor Department said that 853,000 people

Stocks Slip as Virus Restrictions Tighten and Sterling Weakens

NEW YORK (Reuters) - Stocks on global indexes mostly eased on Monday as worries escalated over increasing COVID-19 cases and economic restrictions, while sterling slumped as Britain and the European Union have yet to narrow their differences on a trade deal. On Wall Street, the U.S. benchmark S&

BREAKING: Californians Endure Another Lockdown as COVID-19 Patients Overwhelm Hospitals

LOS ANGELES (Reuters) - Most Californians faced heavy new restrictions on Monday aimed at slowing the spread of COVID-19, while New York’s governor threatened to ban indoor restaurant dining in New York City as the United States feared infections would continue skyrocketing. Restaurants in Southern

BREAKING: California Faces Strict New Coronavirus Lockdowns; Some Sheriffs Push Back

Photo: Reuters LOS ANGELES (Reuters) - More than 23 million people in Southern California were preparing on Sunday for the harshest lockdowns in the United States as COVID-19 cases spiked to record levels in the country's most populous state. The restrictions in California, ordered by Governor Gavin

BREAKING: Canada's GDP Rises 0.2% in October, But Second COVID-19 Wave Weighs

Photo: Reuters OTTAWA (Reuters) - Canada's economy notched record growth in the third quarter, with real Gross Domestic Product (GDP) expected to climb 0.2% in October, Statistics Canada said on Tuesday, though analysts cautioned the rebound would stagnate in coming months amid renewed COVID-19 rest

BREAKING: U.S. Factory Activity Slows; COVID-19 Resurgence Hits Workers

Photo: Reuters WASHINGTON (Reuters) -U.S. manufacturing activity slowed in November, with new orders retreating from their highest level in nearly 17 years, as a resurgence in COVID-19 cases across the nation kept workers at home and factories temporarily shut down to sanitize facilities. The Instit

BREAKING: U.S. Reveals Rapid Rollout Plan for Vaccine after Record Coronavirus Surge

Photo: Reuters WASHINGTON (Reuters) - U.S. officials on Monday unveiled details of their plan to distribute COVID-19 vaccines to millions of Americans starting later this month, as the United States again broke records for new coronavirus infections and hospitalizations. With outgoing President Dona

BREAKING: Canadian Factory Activity Increases at a Faster Pace in November

Photo: Reuters TORONTO (Reuters) - Canadian manufacturing activity expanded for the fifth straight month in November as output and new orders climbed, data showed on Tuesday, but a second wave of the coronavirus pandemic could clip growth prospects over the coming months. The Information Handling Se

BREAKING: U.S. Auto Sales Lose Momentum in November: Wards Intelligence

Photo: Reuters (Reuters) - The pace of U.S. auto sales slowed in November, data from analytics firm Wards Intelligence showed on Tuesday, amid a spurt in coronavirus infections. Auto sales in the United States managed to bounce back since hitting a pandemic-fueled bottom in April, leading major auto

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