Investors Unmoved by Fed’s Emergency Rate Cut, Wuhan Coronavirus Continues to Spread
The financial markets are generally steady today. Fed’s emergency -50bps rate cut provided no apparent boost to investor confidence. Instead, US stocks ended sharply lower again as traders are worried about worsening global outbreak of Wuhan coronavirus. Asian markets are...
Markets Steady While G7 Pledges Policy Response to Coronavirus Outbreak
The financial markets generally stabilized today even though global coronavirus outbreak shows no signs of slowing down. Total global cases reach 92725, with 5186 in South Korea, 2336 in Iran, 2036 in Italy, 283 in Japan, 191 in France, 188...
Aussie Steady after RBA Rate Cut, World Prepares for Coronavirus Measures
US stocks staged a massive rebound overnight, with DOW closed up over 5%. But reactions in other markets are muted. Strength in Asian markets is very limited even though major indices are in black. Gold is gyrating in tight range...
Euro Rally Accelerates, But Surging Coronavirus Cases in Europe Poses Downside Risks
Euro’s rally accelerates today, in particular against Dollar and took out an important near term fibonacci resistance. There are various explanations on Euro’s strength. Considering the strength in Swiss Franc, as well as the coronavirus outbreak in Iran, the rally...
Markets Digesting Wild Moves as Global Coronavirus Spread Extends, China Shrugs off Poor Data
The financial markets are pretty steady in Asian session today, digesting some of last week’s wide moves. Asian markets are generally higher today, in particular, Chinese stocks shrug off poor PMI data and rebounded strongly. Gold is pressing 1600 handle,...
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...
No End in Sight For Global Coronavirus Outbreak and Stock Market Crash
There is no end in sight for the global stock market crash yet, not for the Wuhan coronavirus outbreak. South Korea (2337 cases, 14 deaths), Italy (605 cases, 17 deaths) and Iran (388 cases, 34 deaths) are the new epicenter...
Stock Rout Continues, Fed Cut Odds Surged on Coronavirus Pandemic Fears
Risk aversion on fear of Wuhan coronavirus pandemic continues to be the main theme in the financial markets. DOW lost over -1000 pts overnight as it’s suffering one of the worst weeks in history. 10-year and 30-year yield hit new...
Euro Surges as Markets Reprice Coronavirus Impacts, Risk Aversion Continues
Global stock market crash on fear of Wuhan coronavirus pandemic continues today, while treasury yields are pressured too. Euro and Swiss Franc are currently the strongest ones. There are a couple of explanations, like safe haven flows out of US,...
Euro Gaining Upside Momentum While Coronavirus Fears Persist
Global coronavirus outbreak remain the main theme but markets are having kind of different reactions. US stocks extended this week’s steep decline overnight, down selling pressure seemed to have eased a bit. Nikkei is leading Asian markets low but Chinese...
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