Market Talk
- Growing concerns over an outbreak of a mysterious pneumonia-like virus in China, which had killed 9 and infected hundreds more, has impacted currency markets and pushed the Chinese yuan lower.
CFD Indices – Gain in Tech Stocks Offset Coronavirus Worries
Market News
- S&P 500 and Nasdaq Composite closed marginally higher on Wednesday, led by the gains in technology sector as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak.
USD/CNH Pullback May Come Into Play Soon
We were looking for a pullback yesterday but it did not come into play. Currently it seems like the A-B-C pullback is unfolding.… Read More
FX Commentary – Risk Of Coronavirus Weighs On Market
Market Talk
- The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country’s economy and trade partners.
CFD Indices – Could Fear Of Coronavirus Pandemic Derail Equity Market?
Market News
- Fears of contagion, particularly as millions travel for Lunar New Year festivities, knocked stocks from record levels on Tuesday.