Sat, Apr 04, 2020 @ 11:47 GMT
Financial markets in Asian somewhat stabilized despite the massive crash in the US overnight. Investors are awaiting the next development in global coronavirus pandemic. Governments are all preparing fiscal support to their respective economies. US will announce "very dramatic"...
Risk aversion continues to be the main theme in the markets today, on the back of global coronavirus pandemic and plunge in oil price. US trading is halted for 15 minutes after DOW tanks more than -1800 pts at...
Asian markets went wild today, on the back of acceleration in coronavirus spread in Europe, as well as free falling oil on price war. Sentiments have never been hit that had for quite some time. Commodity currencies, as led...
Global Wuhan coronavirus pandemic overshadowed all developments last week. Total confirmed cases broke 100k level (103,813 at the time of writing), with 3,522 deaths. Situation in China eased with daily new cases continued to drop. But there is no...
Both US and Canadian Dollar continue to be the weakest one for today despite stronger than expected job data. In particular, markets are aggressively pricing in another deep rate cut by Fed on March 18, as Wuhan coronavirus pandemic...
Dollar and Canadian remain the worst performing major currencies for the week and stay pressured. Both Fed and BoC s are perceived as having more room for rate cuts, comparing to, say, ECB and BoJ. Indeed, as the Wuhan...
Commodity currencies are back under pressure today, led by Aussie, as Europe equities are back in red. DOW futures point to a deep gap down. Wuhan coronavirus pandemic continues to spread all over the world and it's accelerating. Yen...
Global stock markets rebounded again as consolidations continue in a wide range. This week's central bank rate cuts, plus IMF's USD 50B aid package, could have stabilized market sentiments for now. But the global spread of Wuhan coronavirus is...
Stock markets rebound strongly in European session, on speculations that ECB could follow Fed to announce new monetary stimulus soon. There are also talks that markets are boosted by former US Vice President Joe Biden's Tuesday night victories in...
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...
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,...
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...
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...
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...
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,...
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...
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...
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...
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...
Risk aversion continues today but selloff in the stock markets seem to be easing a bit, with major European indices off lows at the time of writing. Global coronavirus outbreak remains the main focus, with South Korea's cases surge...
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