Here is what you need to know on Tuesday, February 25th: Panic hit the financial word, amid concerns of the possible effects of the coronavirus on global growth. The illness spread outside China, with Italy, South Korea and Iran reporting the largest number of cases. The dollar gapped higher at the weekly opening, amid demand for safety, but trimmed daily gains on mixed US data and persistent weakens in Wall Street. The EUR/USD pair hit a weekly high of 1.0871, but settled around 1.0845, unchanged from Friday’s close, despite an upbeat German IFO survey. The GBP/USD pair ended the day in the red around 1.2920, amid mounting tensions ahead of the EU-UK trade deal. The Japanese yen firmed up, with USD/JPY trading as low as 110.30. Wall Street collapsed, with the DJIA down over 1,000 intraday. Gold prices soared, spot flirted with $1,690.00 a troy ounce, trimmed most daily gains ahead of the close. Crude oil prices were sharply lower and recovered just modestly, as Saudi Aramco CEO expects only a limited coronavirus impact on oil demand. Cryptocurrencies jumped at the beginning of the day but were unable to hold on to gains. BTC/USD sub-10,000. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Italian PM Conte: Could see virus having a strong impact on Italian economy FX Street 2 years Here is what you need to know on Tuesday, February 25th: Panic hit the financial word, amid concerns of the possible effects of the coronavirus on global growth. The illness spread outside China, with Italy, South Korea and Iran reporting the largest number of cases. The dollar gapped higher at the weekly opening, amid demand for safety, but trimmed daily gains on mixed US data and persistent weakens in Wall Street. The EUR/USD pair hit a weekly high of 1.0871, but settled around 1.0845, unchanged from Friday’s close, despite an upbeat German IFO survey. The GBP/USD pair ended the day… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
