The Dow lost 12% in one week. Here’s why and what likely happens next
The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week,...
Stocks & Gold Crashed as Coronavirus Pandemic is Near, Traders See Fed Cut -50bps in march
The world got one big step closer to Wuhan coronavirus pandemic with explosion of number of cases outside China in the past last week. South Korea (3150 cases, 16 deaths), Italy (888 cases, 21 deaths) and Iran (388 cases, 34...
RBA to Keep Powder Dry Next Week, Could Push Forward Rate Cut to April
RBA is expected to leave the Bank rate unchanged at 0.75% in March. However, disastrous coronavirus outbreak in China is expected to hurt Australia’s economy, triggering the members to push forward further easing in as soon as April. Indeed, the...
FX HedgePool takes swaps approach to peer-to-peer forex
Peer-to-peer (P2P) FX providers have struggled to convince corporates to cut their ties with banks they have lending or other corporate finance relationships, despite the promise of lower charges. A number of providers have given up and changed their business...
Weekly Economic and Financial Commentary: A Tough Week
U.S. Review A Tough Week The COVID-19 coronavirus hammered financial markets this week and rapidly raised the perceived likelihood and magnitude of additional Fed accommodation. The bond market now expects almost four Fed rate cuts by the end of the...
Forward Guidance: Coronavirus Risks in Focus with BoC Set to Cut Rates
Backward looking economic indicators – including US and Canadian employment reports for January over the next week – will probably continue to take a firm backseat to concerns about the spread of COVID-19 more significantly beyond China’s borders. Economic forecasts,...
The Weekly Bottom Line: Rate Cut Odds Surge As Covid-19 Spreads
U.S. Highlights Fears about the widening spread of Covid-19 lead to the worst week for equity markets since 2008. The 10-Year Treasury yield continued to find new all-time lows on Friday, and the Brent price of oil was down 15%...
Weekly Recap/Week Ahead: What Just Happened?
I don’t even know where to start: The coronavirus has spread outside of China More and more companies are lowering guidance for Q1 Economists are forecasting Central Bank rate cuts as the global economy grinds to a halt Global stock...
NZD/USD Bulls are Salivating
Earlier today, New Zealand was the latest to fall victim to the coronavirus. A woman in her 60s who traveled from Iran to Auckland via Bali tested positive for the virus on Friday. NZD/USD is down 1.1% today and gunning...
The Dow just lost 12% in one week. Here’s why and what likely happens next
The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week,...