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Author Archives: Insta Forex

Pound Appreciates As Virus Spread Slows

The pound strengthened against its major counterparts in the European session on Monday, as investors cheered news of a slowdown in coronavirus deaths across Europe. While Italy reported the fewest deaths in more than two weeks, France’s daily death count ...

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Gold Prices Rise 1% As Dollar Stays Flat

Gold prices rose on Monday after the U.S. Labor Department’s report on Friday showed that the economy shed 701,000 jobs in March, halting decade-long record of growth. Coronavirus fears also drove investors towards the safe-haven metal. Spot gold rose about ...

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Ireland Industrial Production Declines In February

Ireland’s manufacturing output fell in February after rising in the previous month, figures from the Central Statistics Office showed on Monday. Manufacturing output fell 1.1 percent month-on-month in February, after a 5.9 percent increase in January. Industrial production decreased 1.3 ...

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Oil Prices Tumble On Oversupply Fears

Oil prices tumbled around 4 percent on Monday after a scheduled meeting between the Organization of the Petroleum Exporting Countries and its allies was delayed. Benchmark Brent crude fell 3.6 percent to $32.88 a barrel, while U.S. West Texas Intermediate ...

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