Spot gold (XAU/USD) has potential to extend its ongoing ascent as bullion becomes buoyed by spiking volatility and deteriorating risk appetite due to the coronavirus outbreak.
Uncertainty over a virus outbreak in China and its spread around the world is roiling markets, sending stocks lower and investors scurrying into safe-haven assets. Investors are worried about the impact on both Chinese and global growth and cited a “sell now, ask questions later” approach. COMMENTS: DAVID KELLY, CHIEF GLOBAL STRATEGIST, JPMORGAN FUNDS, NEW […]
Global equities weaken as coronavirus spreads. VIX Curve inversion does not bode well for S&P 500. Italian political concerns recede.
The Pound Sterling steadied against its major rivals during the London trading session though FX traders are wary of this week’s policy decision from the Bank of England.
The market selloff that everyone was waiting is here. The US stock market rally was overextended, and investors will use the coronavirus epidemic as the trigger needed to deliver a pullback. The weekend news had no shortage of headlines. Much of the American press focused on the tragic death of Kobe Bryant and his daughter […]
Europe Lower as Virus Fears Spread Europe is heading for a weaker open on Monday, with traders rattled by the spread of Coronavirus over the weekend as China steps up efforts to contain it. Source – Thomson Reuters Eikon With most Asian markets closed around the Chinese New Year, it’s difficult to get an accurate gauge […]
Dollar/yen has come under pressure as the coronavirus is spreading all over the world. How far can the safe-haven Japanese yen go? Here is their view, courtesy of eFXdata: UOB Research discusses USD/JPY technical outlook and shifts its tactical bias to…
Global markets headed broadly lower on Monday, following a decline started last week that was compounded when new cases of the deadly coronavirus were discovered across the globe
The sense of serious concern about the economic effects of the Wuhan virus – evident on Wall Street Friday – has turned into something approaching panic in Asia this morning. China has taken the unprecedented step of extending the Chinese New Year holiday until February 2nd as it ramps up efforts to control the spread […]