<p>Fed’s all-in easing, together with RBNZ and BoJ stimulus, provide no apparent support to market sentiment. Number of coronavirus cases continued to skyrocket, breaking 170,000 level today. More importantly, deaths totals hit 6,680. Selloff intensifies in European session with FTSE, DAX and CAC breaking through Friday’s
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Stocks in Panic after Fed, RBNZ and BoJ Emergency Actions, No End to Risk Aversion Yet
<p>It’s a bit unsure whether emergency policy actions by major central banks are calming the markets, or inducing fears. Fed, RBNZ and BoJ surprise the markets by unscheduled announcements today, with measures to counter the impact of coronavirus pandemic. Fed cut interest rate by -1.00% to 0-0.25%, with restart of QE. RBNZ cut -0.75% t
China’s February Data Slumped, Showing First Sign of Coronavirus Impacts
<p>China’s economic data for February dived, showing for the first time impacts of the coronavirus outbreak on the world’s second largest economy. Originating in China, the coronavirus has now evolved into global pandemic, affecting about 100 countries and territories. The impacts on global economy are not limited to supply chain disruption,
Fed and RBNZ Announce Emergency Cuts, BOJ to Follow?
<p>In a very surprising move, FOMC has implemented another emergency cut, the second time in two weeks, to combat the negative impacts of the coronavirus outbreak. Originating in China, the virus has officially evolved into a pandemic affecting almost 100 countries and territories in the world. FOMC board members voted to lower the policy rat
CFTC Commitments of Traders – Safe Havens Shone amidst Risk Aversion
<p>As suggested in the CFTC Commitments of Traders report in the week ended March 10, NET LENGTH in USD Index declined -10 076 contracts to 12 412. Speculative long positions fell -6 280 contracts and short positions gained +3 796 contracts. Concerning European currencies, NET SHORT for EUR futures soared +74 036 contracts to 12 […]
CFTC Commitments of Traders – NET LENGTH on Crude Oil and Gold Slumped on Price Correction
<p>According to the CFTC Commitments of Traders report for the week ended March 10, NET LENGTH for crude oil futures dropped -972 contracts to 387 397 for the week. Speculative long positions jumped +23 663 contracts while shorts jumped -24 635 contracts. NET LENGTH should decline further in the coming week as the benchmark contract […
Markets Could Stabilize after Bearish Mood Exhausted in Wild Week
<p>Global markets experienced another wild week, with free falls in risk assets and oil prices. Coronavirus pandemic occupied all headlines, ranging from business news, politics, sports and show business. Massive disruption in economic activity is happening. Major central banks and governments came to rescue and launched coordinated measures
Stocks Rebound on Profit Taking, Dollar Firm But Yen Retreats
<p>US stock markets are staging a notable rebound at open, following Europe. There are no special developments, except that coronavirus is hitting politicians and sports, as well as all major events. Total number of global cases hit 139,016, and it’s unsure if it will break 140,000 level even before the end of the day. It’s [&hell
Dollar & Yen Rule on Global Routs, Markets to Stabilize Before Weekend
<p>Yen, Dollar, and Swiss Franc are set to close as the strongest ones for the week. Global stock market crash continues with US stocks suffering the worst decline since Black Monday overnight. Asian markets gap lower and are staying in deep red. For now, Australian Dollar is the worst performer of the week. Sterling follows […]
ECB Coronavirus Response Yawned, Stock Market Crash Continues
<p>Global stock market crash continues today as total coronavirus cases are set to break 130k level very soon. Sentiments were rocked by US unilateral ban of European travellers, which also prompted EU condemnation. US stock futures hit limit down and stocks are set to follow other markets to open with a gap low. The highly […]