View full page at forexfactory.com

 

Corona Virus Leads To Risk-Off Markets

From globalprime.com.au

The threat of the Corona Virus hitting much harder than thought the Chinese growth prospects, and as a consequence, the global GDP outlook this first semester, is a reality that the markets are starting to decisively account for, as demonstrated by the sharp falls in equities globally or proxies for China such as the Aussie, Kiwi, the Yuan itself, or the appreciation of safe-havens the likes of Gold, the Yen or seeking out protection by buying fixed-income (bonds). Originated in China, the virus is now thought to have infected more than 100,000 people in China, and is now spreading to other countries such as Japan, ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis