News

OANDA Senior Market Analysts in London and New York, Craig Erlam and Ed Moya, discuss the latest business and market news with Jazz FM Business Breakfast presenter Jonny Hart. On this week’s podcast, Jonny and Craig discuss the outbreak of Coronavirus and its impact on the markets, the ECB and next week’s Bank of England
0 Comments
Coronavirus developments closely monitored What a start to the year it’s been. There was so much that could have gone wrong in the opening weeks of 2020 and yet, it’s been the completely unexpected that’s rocked the markets. This week it was the spread of Coronavirus that’s making investors nervous. We’re not in full panic
0 Comments
The coronavirus outbreak is intensifying, and Beijing is scrambling.  Outrage is growing as local officials failed to address the contagion risks earlier.  Millions of Chinese are unable to travel to see their families to celebrate the Lunar New Year, which is the equivalent of the Thanksgiving and Christmas holiday combined.  China has the highest emergency
0 Comments
Coronavirus continues to steal the world’s headlines, with Chinese authorities quarantining additional cities around Wuhan. Chinese New Year public festivities were cancelled across the mainland and Hong Kong, with even Jackie Chan’s latest movie release, postponed. Mainland stock markets had their worst pre-Chinese New Year close on record. The Shanghai Composite and CSI 300 falling
0 Comments
Westpac Banking Corporation now no longer expects RBA rate cut in February, pushes out cut forecast to April and expects a further cut in August 2020. “Due to the surprise back to back fall in the unemployment rate in November and December, we expect the RBA will delay the next rate cut until April.” Aussie jobs data December
0 Comments
The Gemini crypto exchange has completed a new examination to ensure its security system controls operate effectively.  Gemini announced Thursday that it had completed an independent SOC 2 Type 2 examination conducted by consulting firm Deloitte, a year after it completed an SOC 2 Type 1 examination. Where the previous examination evaluated Gemini’s design and
0 Comments
US stocks are losing momentum in what has been a very good start to earnings season as Asia braces for the impact of the coronavirus.  Asian stocks were lower across the board as the virus spreads and concerns grow that China did not act fast enough to contain the virus.  At least 17 people have
0 Comments