The corona virus out brake is behind the strength of the JPY over the past 3 trading days as investors seek “safety” in the JPY and flee Asian currencies and the Yuan. The dollar is flat for the third day in a row at the 97.5 level versus FX markets while most other markets other than the AUD traded flat yesterday, while the Australian dollar traded higher on positive employment data. EU and Asian equity markets traded lower yesterday while US equity markets traded at fresh 2020 highs once again before a late market pullback. Gold and Silver traded marginally higher yesterday, Gold closed at $1,558 per ounce and Silver at $17.85 per ounce while Oil traded sharply lower ahead of the inventories numbers today, as investors fear a slowdown in the Chinese economy and lower demand near term. Oil closed at $56.73 per barrel yesterday, nearing a 10-week low.

The ECB press Conference and EU Rate decision at 12:45 and Oil Inventories at 4:00 pm are the important news on the agenda Thursday, (all times GMT).


Global Markets 24 hours wrap-up
1 YEAR21.5%10.14%23.7%20.7%15.55%27.47%
Swing report
EURSXX50376215016/13760stopped out

Oil prices lost nearly 3% yesterday as investors fear the corona virus out brake will temper global growth.

EU markets lower for the fourth day in a row this morning, fearing a global growth slowdown.

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.