Forex Markets undecided Corona Pandemic takes more lives 11 April 2020 update


Forex markets remain choppy and direction less as pandemic continues to take more lives lets have a look at various economic events happening arround

Canada, G20 mum on cutting oil output; minister cites co-operation

Canada and its G20 partners won't yet be following OPEC nations by cutting production to stop spiralling oil prices caused by the COVID-19 crisis and a price war between Saudi Arabia and Russia, Canada's energy minister said Friday. But when Natural Resources Minister Seamus O'Regan emerged from his video conference with his fellow G20 energy ministers, he said they agreed on policies and the general principle that a stable global energy market is tied to everyone's security and prosperity.


IRS (Finally!) Launches Registration Tool For Stimulus Checks

Finally. Taxpayers who don’t usually file a tax return have been waiting to see how the Treasury Department and the Internal Revenue Service (IRS) would allow them to get their stimulus checks (Economic Impact Payments). Today, the IRS announced a new web tool to make that happen. If you’ve been hearing rumors about TurboTax or other companies implementing portals, that’s because the non-filer tool was developed in partnership between the IRS and the Free File Alliance. According to the IRS, it provides a free and easy option designed for people who don’t have a return filing obligation


China says its trade faces unprecedented challenges due to coronavirus

China’s foreign trade faces unprecedented challenges due to the coronavirus epidemic that has spread to more than 200 countries, China’s assistant commerce minister said on Friday, amid growing fears of a deep global recession triggered by the virus. Ren Hongbin told reporters during a briefing that a survey conducted by the ministry shows that trade firms across the board face difficulties from order cancellations or delays, and that new orders are also at risk.


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