Jun 29 2020 0
The followings are the most important news of the day that all forex traders have to know. Based on these news, you can choose for yourself the best forex trading strategies.
Half a million milestone
According to data from Johns Hopkins University, the number of coronavirus deaths has surpassed 500,000 worldwide and the number of reported cases has increased to more than 10 million. British and American public health experts have warned of a rapid removal of the blockade and South Africa has warned of a spike in infections at its economic center.
Florida, one of the US states that are revamping measures to prevent the spread of the virus, has reported a 6.4% increase in the number of infections, while the rate of infection in California has been slow. again. The number of coronavirus infections in the United States increased by a total of 1.7%. The number of infections in Tokyo rose 60 cases on Sunday - a daily record set after Japan lifted its emergency last month. Israel is seeking to tighten restrictions on gatherings when virus infections soared after reopening. In Australia, Victoria will conduct mandatory coronavirus testing for returning travelers and may blockade some suburban areas.
The market is back
Asian stocks were poised to slip early in the week as investors weighed on the spike in daily coronavirus infections in the United States amid signs the Chinese economy is continuing to recover after a halt. work. The yen appreciated. The initial moves on currency markets today will be quiet, with the Australian dollar slightly weaker. The S&P 500 futures contract fell at the open after global equities went down last week. The futures market in Japan and Australia both fell. Oil drops. The Chinese market reopened after a 2-day holiday.
More and more advertisers on Facebook have stopped spending on social media, weakening the company's sales prospects and putting their share prices under higher pressure. Starbucks, Levi Strauss, PepsiCo and Diageo are among the most recent companies to say they are cutting advertising spending, as part of this "relocation" strategy to push Facebook to remove support posts supporting violence, hatred and offend the public, promoting racism and discrimination. Facebook generated $17.7 billion in revenue last quarter.
Chesapeake Energy going bankrupt
Chesapeake Energy, the model for oil shale fortunes in the United States, filed for bankruptcy, becoming one of the biggest victims of the spectacular collapse in energy demand stemming from wind. globally caused by coronavirus. Oklahoma City-based company filed Chapter 11 bankruptcy protection requests from creditors at the US Bankruptcy Court in South Texas County. The company also entered into an agreement to remove about $7 billion in debt and ensure the debt owned by the debtor was $925 million.
Chesapeake - which was a $37.5 billion giant about a decade ago - has now become a victim of its own success in extracting gas from shale tanks, contributing to global congestion and weighing on prices. Even before the coronavirus epidemic, the company had been struggling for many years with a large debt accumulated during a previous massive expansion.