The dollar and “safe heavens” are trading sharply higher this morning after global equity markets futures rout this morning on global slowdown fears as the “Corona virus” scare spreads worldwide. All leading indexes in the US and EU as well as Japan are trading sharply lower, losing more than a percent on average. Mainland China markets are still closed.The FX markets best mover this morning is the JPY, gaining across the board and trading at 6 weeks highs versus the Euro. Gold and Silver gaped over the weekend on the move to safety, Gold is trading at $1,583 this morning and Silver at $18.25, both up 1%. On the loosing side, Oil trades sharply lower on global slowdown fears, down another 3% and trading bellow $53 per barrel, at 4-month lows.
EU German IFO Business Climate at 10:00 am and US New Home Sales at 3:00 pm are the important news on the agenda Monday, (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
Nasdaq futures point to a sharply lower open this morning as “corona virus” fears spread worldwide.
EURUSD trades lower this morning as investors move to”safe heavens” on “corona virus” slowdown fears.
Warning: The information provided on this page (“the information”) is for instructional purposes only, for enhancing your general knowledge of the capital market in general and using trading methods and the technical analysis method in particular. We hereby clarify that the company, its management, staff, shareholders and agents do not hold investment advisor licenses and/or portfolio manager licenses by any applicable law, and do not pretend to advise any person on the worthiness of buying, selling, holding or investing in securities and other financial assets. The information should not be construed to be a recommendation or opinion, and any person who makes any decision based on the information – does so entirely at their own risk. Be aware that the information cannot serve in lieu of advice which accounts for specific information and needs of an individual, and that investing in securities and financial assets may cause loss. The company, its management, staff and agents may have a personal interest in issues related to the information, and may hold specific securities mentioned in the information, or similar securities. If you use the information, you waive any claim or demand against the company or anyone acting on its behalf.