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
1 YEAR18.55%9.54%20.35%17.79%12.37%26.75%
Swing report
EURUSD1046121024/11050SL Changed
OPEN PROFIT  $210   

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.

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