Author: Engine Forex

Frankfurt – 31/01/20 Alarming situation The markets continue their downward trend on Friday after the World Health Organisation (WHO) declared the coronavirus situation as a “health emergency of international concern”. The epidemic continues to spread, and the number of patients has risen by 1,981 to 9,692 since yesterday, according to the Health Commission in Beijing. The number of deaths increased …

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Frankfurt – 30/01/20 How bad is it really? Fearing a damper on the global economy from the coronavirus outbreak, investors withdrew from the equity markets again on Thursday. The number of total infections and deaths caused by the lung disease from China rose again. The total number of deaths increased by 38 to 170, according to the Chinese health authorities …

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Frankfurt – 29/01/20 Fed with no surprises Today, the situation on the stock markets calmed down, and the signs pointed to stabilisation. As a result, virus worries receded into the background for the time being and the balance sheet season increasingly came into focus, with positive signals coming mainly from the US technology sector. In the evening, the US Federal …

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Frankfurt – 28/01/20 Bargain hunters are back The consequences of the coronavirus are not yet foreseeable. However, after the price slump on Monday, equity investors are once again taking action, and the markets are able to recover some of their losses. But this does not appear to be a real trend reversal. The fact that the coronavirus could harm the …

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Frankfurt – 27/01/20 Get out! The financial markets are reacting more and more nervous about the threat of a pandemic.  Unlike on Friday, investors were not easily reassured by the Chinese government’s rigorous measures against the coronavirus. It seems that the virus has spread further and infected more people than previously thought. Fears of a continued spread of the coronavirus …

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Frankfurt – 24/01/20 Rollercoaster It’s been a wild Friday in the markets – especially the German leading index Dax 30 as well as the Cable.  Interestingly but ultimately randomly showing similar moves on Friday, both financial instruments were taken on a rollercoaster ride by rising sharply just to come down as fast later on.  Initially, investors in world markets were …

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Frankfurt – 22/01/20 From high to low A new all-time-high for the leading German index Dax 30 was in the air for the last few weeks. Many market participants speculated that a new record-high would show on the board soon – and they were right. Today was the day when the Dax shot up to a new best mark of …

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Frankfurt – 21/01/20 Flu nervousness Markets around the world reacted unsettled today as fears of a dangerous pandemic grew.  Chinese authorities have confirmed that so far six people have succumbed to the virus and that the pathogen can be transmitted from person to person. This has fuelled concerns that a pandemic is imminent. It also brought back memories of the …

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Frankfurt – 20/01/20 Slow start The trading week started very slow with the US stock exchanges closed for a public holiday. Overall, the economic calendar was pretty empty, and there wasn’t much movement in Forex trading.  US Markets at a glance On Monday the US stock exchanges remained closed due to Martin Luther King Day. The Dow Jones ended Friday …

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Frankfurt – 16/01/20 US Markets on fire The partial trade agreement has been signed, but the next round of negotiations between the USA and China is urgently needed. Also, the US banks have started the reporting season – most of them with success.  Nevertheless, the markets remain in a “tread lightly” position, and the big run is yet to come …

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