unofficial exchange rate of stock indices:
#DOWJONES : 28693 (-250 pip)🔻
#DAX GER30 : 13395 (-122 pip)🔻
#FTSE : 7492 (-61 pip)🔻
there is a possibility of Gold, JPY and CHF to gap higher when the market opens, and a gap down for oil.
The fall of price in oil is due to coronavirus and the fear of its effect on china and the world's economy and in turn, its effect on lowering the demand for oil.
until we get more positive news on the outbreak (a cure or a vaccine for it) we might witness more selling pressure on oil.
Gold, JPY and CHF will still get stronger but the peace deal trump is planning to announce this week for middle east could curb the run up in gold to some extent. but still, since the feds are continuing with QE till the end of February, USD will still get weaker as a result and that will push gold and other safe haven currencies up more.
#DOWJONES : 28693 (-250 pip)🔻
#DAX GER30 : 13395 (-122 pip)🔻
#FTSE : 7492 (-61 pip)🔻
there is a possibility of Gold, JPY and CHF to gap higher when the market opens, and a gap down for oil.
The fall of price in oil is due to coronavirus and the fear of its effect on china and the world's economy and in turn, its effect on lowering the demand for oil.
until we get more positive news on the outbreak (a cure or a vaccine for it) we might witness more selling pressure on oil.
Gold, JPY and CHF will still get stronger but the peace deal trump is planning to announce this week for middle east could curb the run up in gold to some extent. but still, since the feds are continuing with QE till the end of February, USD will still get weaker as a result and that will push gold and other safe haven currencies up more.
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Will Chinese New Year Holidays slow down and less reliable Forex? Should I Operate Asian pairs with the Chinese market Closed?