Market Morning Wrap

US indices finished yesterday’s session with heavy decline following oil market crash. S&P 500 closed 7.6% lower, Dow Jones dropped 7.79% and Nasdaq declined 7.29%. Russell 2000 finished 9.37% lower

Moods are better during Asian trading hours thanks to rebound in oil and hopes of stimulus in the United States. WTI jumps 8% and trades above $33.50 while US President Trump said that he will hold a press conference on measures aimed at limiting virus impact

Nikkei closed 0.85% higher while S&P/ASX 200 finished 3.11% higher. KOSPI gains 0.5% and HSCEI trades 2% higher

Number of confirmed coronavirus cases increased to 114,458 while the number of recovered stands at 64,100. Death toll has risen to 4,027. There are already 7 countries with over 1,000 confirmed cases. Italy extended lockdown nationwide and urged citizens to stay at home as number of cases in the country surpassed 9,000

More institutions report coronavirus cases among their members. NATO and ECB confirmed their employees tested positive for the virus. French Culture Minister and Riksbank Deputy Governor are infected as well

Chinese President Xi visited Wuhan city in an attempt of showing that the country has defeated coronavirus outbreak

Yen is making a massive pullback amid improvement in moods. USDJPY attempts to break above 104.50. CAD is benefiting from oil rebound while USD jumps on bounce in yields

Gold pulls back, silver trades flat while platinum advances. Industrial metals gain along with agricultural commodities

China’s CPI slowed from 5.4% to 5.2% YoY in February, in-line with expectations

Preliminary machine tool orders data from Japan showed a drop of 30.1% YoY in February

Number of confirmed coronavirus cases continues to rise but the number of countries reporting new cases declined as of late.

1 view


by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram