Though higher currently, the Euro held close to a 3-year trough during the Monday trading session in London on investor concerns about slowing regional growth. Given the quiet on the economic calendar for the day, FX traders will be looking at tomorrow’s release of the ZEW Survey for Germany, an […]
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Japan’s Gross Domestic Product Contracted in the Fourth Quarter – 17 February 2020
According to data released by the Japanese government, the Japanese GDP contracted at its faster pace in six years. The Japanese gross domestic product went down by 6.3 percent in the last quarter of 2019, the biggest contraction since the second quarter of 2014, against the analyst’s expectations, who foresaw […]
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Chinese Stimulus Measures Boost Optimism, Markets – 17 February 2020
China’s central bank cut interest rates on medium term loans on Monday, an effort to offer support to businesses whose activity has been disrupted or halted completely by coronavirus contagion concerns. The announcement sent Chinese benchmarks higher, where they hovered near a three-week peak. Also increasing optimism in the markets […]