The dollar and “safe heavens” are trading higher this morning following a report that the coronavirus is spreading and more dead tolls have been reported overnight in China and investors fear the virus outbreak will temper China manufacturing, suspended in some regions until Feb 10th. The FOMC meeting meant nothing to FX and global equity markets as the FED stayed put with its interest rate policy and forward guiding. The dollar index traded yesterday higher for the fifth day in a row, closing at 98 yesterday. EU, Japan and Asian markets and US futures are all lower this morning as fears spread and the coronavirus scare looks at this point far from being over. Gold and silver traded higher, Gold closed at $1,575 per ounce and Silver at $17.55, both higher as investors appetite for risk diminishes and “safe heavens” stay in demand on the China outbreak. Oil closed lower following the release of the Inventories numbers, up to 3.5 million barrels as well as gasoline inventories, up to a record high 261 million barrels. Oil closed at 20-week lows, $53.1 per barrel.
GBP BOE rate decision and Monetary Policy release at 12:00 noon and US GDP at 1:30 pm are the important news on the agenda Thursday, (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 lower open this morning on global coronavirus fears.
EURUSD lower marginally this morning as investors seek “safe heavens” shelter fearing coronovirus spreading into Japan and India.
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.