Morning Wrap

Wall Street indices managed to finish yesterday’s volatile session slightly higher. S&P 500 closed 0.47% higher, Dow Jones added 0.95% while Nasdaq surged 2.30%.

Moods in Asia are upbeat as well with Hang Seng trading over 3% higher and Kospi jumping over 6%. Australian S&P/ASX closed 0.7% higher while Nikkei was shut for holiday. DAX and FTSE 100 futures point to a higher open in Europe

Number of confirmed coronavirus cases exceeded 245 thousand while the death toll has risen to above 10,000. Italy reported over 5,000 new cases yesterday while the United States reported 4.5 thousand. On the other hand, less than 100 cases were reported in South Korea

USD snapped its rally after the Fed announced opening swap lines with some of the major central banks. AUD and NZD are top performing major currencies. EM currencies gain against the US dollar.

Bank of England cut rates to 0.1% yesterday and announced QE worth 200 billion GBP

RBA bought A$5 billion of government bonds in the first round of QE in history

Trump has cancelled G7 meeting in June and proposed a videoconference instead

People’s Bank of China left 1- and 5-year loan prime rates unchanged

ECB policymaker Guindos said that ECB “can always do more” and will act to prevent economic crisis becoming a financial one

Oil and precious metals trade higher with silver surging around 5%. Industrial metals trade mixed with copper lagging and nickel outperforming.

Number of new coronavirus cases being reported each day keeps rising. Daily increase in the number of cases exceeded 25 thousand for the first time yesterday while the daily death toll has increased to over 1 thousand. Source: worldometers

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