The ASX 200 stock index hit record highs this year but those days seem unlikely to return anytime soon as even equity buckles before the coronavirus outbreak.
NZD/USD may struggle to retain the rebound from the monthly low (0.6303) as New Zealand is expected to post a trade deficit in January.
The Canadian Dollar may be at risk as crude oil prices appeared to resume the steep decline from January. The Yen soared as coronavirus woes plunged stock markets across the globe.
Consumer confidence data due for release during Tuesday’s trading session could weigh materially on Fed rate cut bets and thus the US Dollar as coronavirus concerns mount.
The US Dollar rose against its Canadian counterpart on Monday as widespread risk aversion spread across capital markets, but longstanding resistance stands narrowly overhead.
Risk of recession rises following a contraction in US business activity. How might this impact the US Dollar as economic fallout from the coronavirus radiates across the global supply chain?
Spot USD/MXN price action hits an eleven-week high with the US Dollar spiking 3.5% against the Mexican Peso over the last four trading days to test its 200-DMA as coronavirus concerns run rampant.
Stocks suffered a massive gap lower on Monday as investors express concern over the global spread of the coronavirus. Will stocks continue lower alongside the broader economic impact?
Risk sentiment has taken a turn for the worse with global equities coming under heavy selling pressure to begin the week.
US markets are waking up to the fact that Coronavirus may be more than a passing risk, and Gold prices are fully reflecting the fear that’s continued to build.