Market Update

EXMO gets hacked, about 5% of the total assets lost

Saudi Arabia and Oman halted international flights and closed their borders for a week over fears about the fast-spreading new strain of the coronavirus. The Kingdom also added that all international flights for travelers – except in exceptional cases – will be suspended temporarily for a week, which can be …

A survey on Monday showed that UK retail sales rebounded in December with restrictions on stores eased and consumers buying food and other essentials before Christmas, but the outlook for January is the worst since summer. The monthly report of the Confederation of British Industries showed that the balance of …

Hong Kong has banned all flights from the United Kingdom starting at midnight local time on Monday, becoming the first city in Asia to announce such a halt after the discovery of a new highly pathogenic strain of coronavirus in Britain. Health Minister Sophia Chan said stricter measures are needed …

The British pound and the euro fell on Monday, as investors searched for a safe haven in the dollar after a new fast-spreading strain of the Coronavirus caused the closure of most parts of Britain and disrupted international shipping activity in light of the fog surrounding Brexit from the European …

GBP/USD has collapsed below 1.32, down some 320 pips on the day. The new covid strain in the UK causing a massive sell-off amid European travel bans and potential supply-chain issues ahead of Christmas. 

French Health Minister Olivier Ferrand said that the current vaccines should protect against a new strain of the virus that recently appeared in Britain, adding that “in theory” there is no reason to believe that the vaccine will not be effective. “ Ferrand indicated that the new strain may have …

The Turkish lira declined 1% against the dollar, along with other currencies in emerging markets, as investors switched to the low-risk US dollar in light of a large number of countries tightening measures to contain Covid-19. The lira was at $7.7050, down from Friday’s closing level of 7.6280. The lira …

Oil prices fell about 3% today, Monday, due to fears of a new rapidly spreading strain of the Coronavirus, which has caused the closure of most parts of Britain, which increased fears of a slowdown in the recovery of fuel demand amid tightening restrictions in Europe. Brent crude fell $ …

Gold rose today, Monday, to its highest in six weeks, boosted by news that leaders of the US Congress have reached an agreement on an aid package linked to the Coronavirus, while the appetite for higher-risk assets is undermined by lockdown measures in Britain, which increased support for the metal. …