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We started this week with a surprising decision by the US Federal Reserve where it announced unprecedented massive economic stimulus programs, along with small and medium-sized companies protection plans to ensure they do not collapse from the Coronavirus outbreak. The US Federal Reserve announced an unlimited asset and bond purchase program to try to reduce the virus impact on the US economy.
The British sterling has reacted positively to a leap in inflation after weak wage data beforehand. The GBP/USD pair has recovered from a dip after suffering from the decelerated UK wage growth in December.
Today's trading was somewhat quiet, as we are at the beginning of the week in addition to the American markets holiday today, which has had a clear impact on the movements of oil prices during the day.
The Chinese stock market closed at the end of its trading during Monday, with gains of 2%, after government stimulus actions.
Oil prices continued to rise from their lowest levels in nearly more than a year, as markets hope that the world's major oil producers will agree to a further output reduction, while
The German economy began in 2020 with stability in economic growth and a state of weakness that dominated the manufacturing sector
US jobs data are the top of the most important economic data expected during today's trading,
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