The Coronavirus keeps spreading, weakening Aussie despite the upbeat jobs numbers as markets take a less risky approach to the heightening threat.
Technicals indicate that Aussie and Euro move hand to hand, with the former falling following a ‘holding’ ECB! Now both are corrective and at a trendline low!
Pound, on the other hand, does relatively well as rate cut...
With the odds of a Fed rate hike down to 12.7%, it's looking likely that the rate environment will stay favorable for gold next Wednesday. We're also seeing a little deceleration in stocks due to the Coronavirus, with China stocks already having taken a big loss, and US travel stocks also suffering. We've now had one Coronavirus case in the US, and there are...
Wednesday was remembered by the next highs in the US stock market. The madness continues, but characteristic is the reluctance of gold to decline against this background. It turns out that buying gold is currently practically risk-free: with an increase in demand for risky assets, it does not fall, but at the same time, any concerns of investors instantly provoke...
Markets remained somewhat muted at the start of the impeachment trial despite Trump’s talk at Davos as concerns around the deadly coronavirus mounted. It’s going to affect Asian economies for sure due to weakening consumer spending unless if it will be contained asap, and perhaps the emerging markets too.
In Europe, German and UK macros were seen increasing risk...
2/14/2020 415$ calls copped for 1.03$.
Playing that $nflx tries to initiate short sell cascade, smashes upper unfilled gap and goes beyond.
$dis+ means analysts and funds are short, war fears, and newest coronavirus sighting in US means more home time, need entertainment.
If they miss poorly and it drops, it’ll settle around 320-325, playing gap at 305~.
Lottery time.
Chinese indexes, Hang Seng Index ( TVC:HSI ) and Strait Times Index ( TVC:STI ) have been tumbling today on fear of Coronavirus spreading to other parts of China and more countries.
We are reminded of SARS in 2003.
The Wuhan flu virus belongs to the same family of coronaviruses that causes SARS, which killed nearly 800 people globally during a 2002-2003...
