Forex Signals US Session Brief, March 2 – Markets Settle After Weekend Panic on Data From China

Posted on March 2, 2020 by Skerdian Meta

Here we are, on a new month for this year, but the problems are the same old ones, a weak global economy and a spreading virus that has scared the hell out of the global population. If not due to the death toll, the impact that it is having in the global economy is surely to be scared about. Over the weekend, we saw the Chinese manufacturing and non-manufacturing PMI indicators dive down to 36.7 and 29.6 points respectively. That set off the panic among economists and central bankers. Continue reading “Forex Signals US Session Brief, March 2 – Markets Settle After Weekend Panic on Data From China” →

Forex Signals US Session Brief, Feb 28 – Central Banks Get Ready to Cut Rates As Coronavirus Spreads

Posted on February 28, 2020 by Skerdian Meta

Last year, many major central banks turned quite dovish and eased the monetary policy several times, as the global economy weakened due to the trade war between US and China, which hurt manufacturing and industrial production across the globe. Another reason for the slowdown was also these central banks hiking rates too fast in recent years, especially the FED. The economy started to recuperate in many countries in the last several months, but the outbreak of coronavirus returned fears of a global recession in the last few weeks, especially after breaking out of China. Continue reading “Forex Signals US Session Brief, Feb 28 – Central Banks Get Ready to Cut Rates As Coronavirus Spreads” →

Forex Signals US Session Brief, Feb 27 – US GDP and Durable Goods Orders Reports Can’t Beat Coronavirus

Posted on February 27, 2020 by Skerdian Meta

Yesterday, the decline in stock markets stalled after being pretty bearish for two days, following the outbreak of coronavirus outside of China. It seemed like traders were exhausted from too much selling, so the decline stopped. But we knew it wouldn’t last too long, as coronavirus spreads in Europe, with new cases all over the continent. New cases in other European countries have been increasing today as well, although WHO said that the jump in italy is due to testing errors. I hope it’s that since I’m pretty close to Italy at the moment. Continue reading “Forex Signals US Session Brief, Feb 27 – US GDP and Durable Goods Orders Reports Can’t Beat Coronavirus” →

Forex Signals US Session Brief, Feb 26 – Risk Sentiment Finally Improves A Little After 2 Horrible Days

Posted on February 26, 2020 by Skerdian Meta

It looked like markets got used to coronavirus, as the sentiment improved in the first few weeks of this year. The virus was being confined within China until last weekend, with few cases outside, which were under control. But, the breakout in Italy, Iran and Japan over the weekend pushed the panic button again and markets opened with a bearish gap lower on Monday. Then, we saw new cases in other European countries yesterday, which kept the sentiment negative and risk assets sliding lower.
Continue reading “Forex Signals US Session Brief, Feb 26 – Risk Sentiment Finally Improves A Little After 2 Horrible Days” →

Forex Signals US Session Brief, Feb 25 – Risk Remains in Check, As Coronavirus Spreads

Posted on February 25, 2020February 25, 2020 by Skerdian Meta

Earlier this month, the risk sentiment improved in financial markets, as the coronavirus seemed to be contained mainly within China. There were cases abroad, but they seemed to be few and under control, so the pandemic was only inside China. That is bad enough for the global economy, since China is connected to every country in the world through trade. But, the fact that it wasn’t spreading abroad helped improve the sentiment. But, new infected cases and deaths jumped higher in Japan, South Korea, Iran, and particularly Italy over he weekend, which turned the sentiment massively negative yesterday. Continue reading “Forex Signals US Session Brief, Feb 25 – Risk Remains in Check, As Coronavirus Spreads” →

Forex Signals US Session Brief, Feb 24 – Fear Returns Again in Markets, As Coronavirus Cases Increase in Italy

Posted on February 24, 2020 by Skerdian Meta

The coronavirus outbreak has been messing with the sentiment in financial markets, driving them up and down since mid January. There was panic in the last two days of January, as the virus turned into a pandemic in China. But, the sentiment improved earlier this month, after the pace of spread slowed in China and the cases outside of China were low. This gave us the idea that the worst was behind us and the virus was getting under control. But, over the weekend cases of infected people and deaths outside of China jumped higher, particularly in Italy and South Korea, as well as in Iran. Continue reading “Forex Signals US Session Brief, Feb 24 – Fear Returns Again in Markets, As Coronavirus Cases Increase in Italy” →

Forex Signals US Session Brief, Feb 21 – Traders Continue to Find Comfort in Gold, As Uncertainty Remains

Posted on February 21, 2020 by Skerdian Meta

The coronavirus outbreak has been driving markets around since mid January. markets almost panicked last month, with risk assets such as crude Oil diving lower. But, as the pace of spread slowed the sentiment improved somewhat, but traders still remain pretty cautious. It seems like the virus outbreak is stabilizing in China, as the pace of spreading falls, although, no one really knows for sure what’s going on in China. Today though, fears increased again, as coronavirus cases in South Korea nearly doubled, which is the fastest spread outside of China. Continue reading “Forex Signals US Session Brief, Feb 21 – Traders Continue to Find Comfort in Gold, As Uncertainty Remains” →

Forex Signals US Session Brief, Feb 20 – The Impact of Coronavirus on Chinese Economy Is Affecting Markets Now

Posted on February 20, 2020 by Skerdian Meta

The coronavirus started in December last year, as Chinese officials have now showed after hiding it for a month, but the panic set in by mid January. Although, the panic from the coronavirus outbreak has abated now, as it seems to be under control outside of China, at least. In China, the virus continues to spread, but the pace of spreading has slowed down, which improved the sentiment. But, the Chinese economy is surely going to suffer, as most major names in the industry such as Moody’s, have revised economic growth forecasts in China for 2020. Continue reading “Forex Signals US Session Brief, Feb 20 – The Impact of Coronavirus on Chinese Economy Is Affecting Markets Now” →

Forex Signals US Session Brief, Feb 19 – Confused Markets Today

Posted on February 19, 2020 by Skerdian Meta

The panic from the coronavirus outbreak has abated now, as it seems to be under control outside of China, at least. In China, the virus continues to spread, but the pace of spreading has slowed down, which has improved the sentiment. Although, the Chinese economy is surely going to suffer, as most major names in the industry have revised economic growth forecasts in China for 2020. So, traders have been uncertain what direction to take today in forex. Continue reading “Forex Signals US Session Brief, Feb 19 – Confused Markets Today” →