Last week showed as clearly as possible how bad things are now: the crisis is not just a word, but a reflection of sad reality. The Fear Index has reached highs unseen since 2008. Once again: so high it rose only at the peak (!) of the global financial crisis 2007-2009. Is this not the best illustration of how bad everything is? Italy went into complete lockdown,...
What happened yesterday in the financial markets is on the one hand (from the position of normal price dynamics), was extremely atypical, and on the other (for markets during the crisis) it was quite natural. On such days, traders either become rich (rarely) or lost their deposits (as a rule). It is better for beginners and even experienced traders on such days...
The main global event of yesterday - WHO officially recognized the epidemic of the coronavirus pandemic. This hasn’t changed anything, but once again it emphasizes the seriousness of what is happening just right now. This is supported by yesterday’s decision from the Bank of England to urgently cut the rate by 0.5% (the first emergency decision since the global...
Dynamics of different assets yesterday can be perceived as an attempt by the markets to exhale: prices for gold and Japanese yen declined, the oil was rising. But do not treat it as everything is OK now. The current fundamental background remains extremely negative with a downward trend. The problems of Italy (the general lockdown in the country with all the...
The start of the week plunged many into a state of deepest stupor. Over the past six months we have already devoted dozens of reviews preparing our readers for the onset of global problems and the collapse of bubbles in risky asset markets. The most wrong thing a trader can do in such a situation is to lose an adequate perception of reality and rush into the...
Friday promises to be an extremely eventful and interesting day. On the one hand, statistics on the US labor market will not let you get bored in the currency and stock markets, and on the other hand, the results of the OPEC meeting will determine the dynamics in the oil market. We will talk about this and much more in today's review. But let's start...
Since yesterday, by and large, was the first full day of working out the Fed’s emergency decision to lower the rate by 0.5%, today some results can be summed up. And they are generally disappointing for optimists. In theory, stock markets should have perked up and provoked a sharp increase in stock indices. But this did not happen, that is, there was growth, but...
The main event of yesterday was the Fed’s decision to urgently reduce the rate by 0.5%. The central bank did not wait on March 18 and caught many by surprise. The reaction of the financial markets as a whole seemed logical: the US stock market went up, the dollar was falling, gold was growing. The whole question is whether these trends will continue. We...
This week begins to give a first idea of the economic consequences of the epidemic (so far in the context of China). We are talking about the manufacturing PMI index for China, which fell to 35.7 in February (compared to 50 in January). The non-manufacturing index came out even worse, showing a value of 29.6 (the lowest in history). Recall that any value below...
The past week has so far been considered the most eventful of the last few months. And the point is not even in the number of new events that took place, but in the price dynamics in the financial markets. One of the strongest drops in the US stock market in history (during the week Nasdaq lost up to 15% of its capitalization), the Fear Index grew almost three...
Yesterday was largely typical of the current week: investors continued exodus from risky assets and increased positions in safe-haven assets. Perhaps the main result of the day can be considered the return of the yen to the fold of safe-haven assets. Recall that last week, after the devastating data on Japan's GDP, there was talk that the yen could no longer be a...
Yesterday was notable for the fact that for the first time in an epidemic, the number of new cases in China was lower than in the rest of the world. On the one hand, this indicates a reduction in the epidemic in China, and on the other, the continuation of the deterioration of the situation in the world. Since the situation with the epidemic in China is improving...
The basic news background is still unchanged: the number of new cases in China is decreasing (+/-500 per day), that is, the epidemic is decreasing. But this is offset by an increase in the number of cases outside of China. And an epidemic from local is increasingly striving to become global. Lockdown in Northern Italy, panic in Iran, growth in the number of cases...
On Monday, the markets were finally really scared. The coronavirus epidemic is becoming global, and the economic consequences are increasingly threatening. Every day, China's downtime literally increases the problem exponentially. Actually, some analysts are already talking about the critical level of problems and damage. For example, a survey of managers of more...
The coronavirus epidemic continued to be the main focus of financial markets last week. And if the week began with a rather optimistic attitude of investors against the background of a decrease in the number of new cases of disease and deaths, then it ended on a very minor note: the epidemic spread to South Korea and Japan. In addition, analysts after the warning...
Before investors could relax and believe that the worst was over, a new portion of reasons for concern arrived. It is about spreading the epidemic outside of China. Recall that almost 99% of everything related to COVID-19 took place in China. And investors at some point decided that everything that happens in China remains in China. Yesterday forced some to...
Yesterday was the day of reckoning for the Japanese yen. We already wrote this week about the failure in the country's economy, but we perceived the lack of reaction of the foreign exchange market as the general inability of the yen to fall due to increased demand for safe-haven assets (see the dynamics of gold prices). As yesterday showed, we were wrong. The...