Last week the financial markets were overwhelmed by the coronavirus chronicles. The epidemic is still in the development stage. The number of fatal cases has exceeded 800, and the number of those who got sick is close to 40,000. Several Chinese cities are in quarantine, many factories are idling, which is already starting to disrupt the global economy: some companies outside China cannot continue the production process because components are not coming in from China, some (like Toyota and Honda) are temporarily closing their Chinese...
The Swiss unemployment rate decreased in January, but inflationary pressures remain absent. The Swiss National Bank increased its activity in the forex market slightly and continues to monitor the impact of the coronavirus on the global economy. The CHFJPY completed a breakdown below a strong horizontal support area, where will price action move from here? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade. Forex traders received more disappointing economic news with the disappointing Japanese Eco...
Forex traders are looking forward to today’s NFP report out of the US, expected to move the US Dollar in a volatile trading session. Revisions to the previous two months are equally anticipated, as of December’s report disappointed following a very strong November reading. A contraction in the average work-week or low wage growth could trigger a sell-off in the USDCAD. How will price action react following the release? Today’s fundamental analysis will take a look at price action in both directions. Canadian employment...
OPEC is putting too much pressure on oil, market experts say. It's time to let it float, and the market will balance the price itself. China is one of the largest importers of crude oil in the world, but due to the coronavirus epidemic, market participants are afraid that this fact may slow down the growth of the world economy and bring down oil quotations. To date, a serious problem has arisen in the demand for aviation fuel because of the reduction of air traffic in China. OPEC has quite predictably held a meeting in Vienna to...
Last year was very successful for gold: the precious metal`s price increased by almost 20% and was (and still is) a very attractive asset for investors. Over six months, the demand for gold increased dramatically, which was facilitated by the growing concern of investors around the world due to a possible global recession and bubbles burst in stock markets, real estate markets and corporate debt. Also, fundamental factors in early 2020 were more than favorable for gold. January 2020 started with the price`s growth. The military conflict...
