Daily Market Analysis

Daily Market Comment – Euro and yen smile as Wall Street bloodbath accelerates

Posted on February 28, 2020 at 10:04 am GMT

Global stocks fall apart amid growing fears of a virus-induced recession Yen and euro shine amid the mayhem, dollar and commodity currencies get hammered More de-risking possible today, Chinese PMIs and virus news over the weekend are a huge risk Pandemic fears throw global markets into havoc The worsening outlook for the world economy continues to torment financial markets. The major US stock indices fell by a staggering ~4.5% on Thursday, as investors increasingly price in the worst-case scenario where [..]

Daily Market Comment – Dollar retreats, stocks in freefall as virus engulfs markets

Posted on February 27, 2020 at 10:14 am GMT

Virus concerns intensify, pushing dollar lower amid mounting expectations for Fed rate cuts Stocks crater, and risk aversion may linger ahead of Chinese PMIs Euro the big winner, capitalizing on dollar’s retreat and defensive inflows Global carnage deepens as virus spreads Worries about the coronavirus continue to plague markets, as every passing day makes it clearer that this crisis won’t blow over soon, and the disruptions initially on supply chains and then on demand could be the ‘black swan’ that [..]

Daily Market Comment – Stocks crumble alongside dollar as virus wreaks havoc

Posted on February 26, 2020 at 12:44 pm GMT

US stock markets in meltdown as virus concerns deepen News flow might worsen from here, so risk aversion could linger King dollar dethroned by resurgent yen and a euro that looks more like a safe haven Aussie/dollar collapses to new 11-year low after soft data Safe havens shine, equities plunge as risk aversion reigns The reprieve in global markets didn’t last long, with virus worries returning with a vengeance yesterday to haunt riskier assets and boost defensive trades. US stocks [..]

Daily Market Comment – Stocks steadier but risk aversion still in play; dollar pressured by falling yields

Posted on February 25, 2020 at 9:35 am GMT

Stocks stage tepid rebound but virus fears continue to cast shadow over markets Dollar on the backfoot on rising Fed rate cut expectations; gold slips Aussie and kiwi pause slide as softer dollar provides some relief Markets calmer after stocks suffer biggest drop since 2016 Global stock markets stabilized on Tuesday after yesterday having their worst day since Britain voted to leave the European Union in June 2016. A report in China’s Global Times that a university professor has developed [..]

Daily Market Comment – Contagion fears intensify; stocks tumble, gold surges, dollar rebounds

Posted on February 24, 2020 at 9:38 am GMT

Jump in number of infections outside China sends panic across financial markets Stocks take a large hit; gold scales fresh 7-year high amid flight to safety Dollar’s gains more restrained as Fed rate cut bets rise after weak US data Concerns mount about virus impact after spike in global cases The number of confirmed coronavirus cases outside of China continued to multiply over the weekend, sending shivers across financial markets as investors were forced to reassess their view that the [..]

Daily Market Comment – Dollar and gold shine but yen subdued as virus cases spike again

Posted on February 21, 2020 at 9:23 am GMT

Flight to safety boosts dollar and gold, yen nurses losses as new virus cases jump again Risk aversion finally reaches equity markets as global stocks stumble All eyes on flash PMIs as virus outbreak shows no sign of abating Dollar holds firm; gold hits fresh 7-year highs The risk-off mood deepened on Friday as China reported another spike in new confirmed cases of the coronavirus, most of which were in two prisons in Hubei province. But investors were also spooked [..]

Daily Market Comment – Yen slumps, dollar reigns supreme as virus fears persist

Posted on February 20, 2020 at 9:24 am GMT

Yen tumbles on virus worries as investors seek safety elsewhere; dollar surges Virus spread slows but change in counting methodology casts doubt Aussie and kiwi extend slide on growth concerns Is yen losing its safe-haven status? The Japanese yen came under attack on all fronts on Wednesday, sending the safe-haven currency plunging against all its peers, even against the beleaguered euro and pound. The biggest beneficiary of the yen sell-off was the US dollar, which scaled a near 10-month peak, [..]

Daily Market Comment – Stocks rebound as new virus cases slow; dollar stands tall

Posted on February 19, 2020 at 9:23 am GMT

Equity markets bounce back from Tuesday’s slide amid slowdown in new coronavirus cases Stimulus hopes also help sentiment but gold still tops $1600 on heightened risks Unstoppable dollar scales fresh highs even as US yield curve inverts Stocks turn green again as investors focus on positives Risk appetite recovered somewhat on Wednesday following the knock from Apple’s profit warning yesterday, which elevated concerns about the impact from the coronavirus outbreak. The number of new confirmed cases of coronavirus in China [..]

Daily Market Comment – Apple profit warning rattles markets; gold edges up

Posted on February 18, 2020 at 9:34 am GMT

Apple Inc says it will miss revenue guidance due to China plant shutdown Stocks slide as Apple warning dashes hopes of quick rebound from virus fallout Gold hits 2-week high, oil declines on growing virus impact Pound under pressure as Britain talks tough on future trade deal with EU Markets get dealt reality check by Apple profit warning US tech giant, Apple Inc, issued a rare profit warning on Monday, saying it will miss its first quarter revenue guidance as [..]

Daily Market Comment – Virus risks persist but China stimulus cheers markets

Posted on February 17, 2020 at 9:15 am GMT

Shares in China soar after central bank cuts rates, injects cash and government pledges tax cuts But Japanese stocks struggle as recession fears grow after Q4 GDP drop Dollar holds firm despite mixed data but quiet day ahead as US markets closed China pumps more stimulus as no sign yet of virus peaking Asian stocks were boosted on Monday as Chinese authorities intervened to prop up markets with little evidence so far that the coronavirus outbreak is easing. The People’s [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms