Special Edition: How Coronavirus Hits Global Economy and Affects Monetary Policy
With uncertainties weighing on the global economy, long gold at dip.
With uncertainties weighing on the global economy, long gold at dip.
With the number of coronavirus cases increasing and the slowdown in the euozone’s economy, it may be too early to call for a bottoming of EUR/USD. EUR/USD can still move lower.
Despite the bullish comments from RBNZ, the fear of coronavirus impacting the economy will keep investors cautious. Short NZD/USD?
As uncertainties continue to weigh on global economy, short Aussie at rally.
With ADP employment change doubling and jobless claims falling, we could expect a healthy NFP data though the gains should be modest. Short EUR/USD?
With the bushfires and coronavirus continuing to weigh on Australia’s domestic growth, RBA may be forced to cut rates next month. Short AUD/JPY?
With risk-off mode expected to stay, buy safe-havens like gold and yen.
With more MPC members expected to vote for a rate cut tonight due to weaker UK’s growth in general, we could expect dovish sentiments from Governor Carney. GBP/JPY could slide further.
With US-China trade tensions easing, improvement in US data and limited cases of Coronavirus in the US, Fed has no urgency to change its stance. Short EUR/USD?
As risk-off mode may continue to stay, gold and yen may be your best bet.