Skip to main content

Impact of Coronavirus on the Forex Market?

What is Coronavirus?
Coronaviruses are a group of viruses that cause animal disease. In 2019 coronavirus has become one of the 7th members of this group responsible for infecting humans virus, which still causes symptoms like flu.
The new chapter started with an unprecedented worldwide problem – the coronavirus. Late in December 2019 saw China’s has first incidents, and the government quickly sealed millions of people into cities. Wuhan, a popular Chinese city, has become identified as the birthplace of coronavirus which spread rapidly across the whole world.
Coronavirus Impact on the Forex Market
The Forex market effect of the news of the virus outbreak has so far been fairly still limited. Asian equity markets have been marginally lower till now and there has been some downward pressure on commodities and Share. But, if the pandemic deteriorates as analysts say it is likely to, the economic impact will begin to predominate.
The main factor would be the severity of the outbreak, with regard to the depth and period of the market effect. Unless authorities can stop it before it reaches a point of SARS-type pandemic, the Forex markets might escape the more extreme negative effects.

Comments

  1. sophia_fxleaders20 August 2020 at 06:41

    Clearly there is a lot of uncertainty encompassing the global economy right now, which directly influences the Forex markets. Nevertheless, it doesn’t indicate there aren’t opportunities to still successfully trade while the Forex markets are undergoing levels of volatility.
    We can fight this pandemic one day at a time. Be safe always.

    ReplyDelete
  2. David Smith10 May 2022 at 03:27

    This is a wonderful article, Given so much info in it, Thanks for sharing. Sharetipsinfo is known for providing highly accurate stock tips which covers Cash tips, F&O intraday tips, Nifty intraday tips, Mcx intraday commodity tips and Share market tips with high accuracy.

    ReplyDelete

Post a Comment

Popular posts from this blog

Understanding the Movements in Forex Market

The  forex trading  market is the world ‘s largest financial market, with average traded prices that can amount to trillions of dollars a day. There is no central currency exchange marketplace trade is performed over the counter. The FX market is open 24 hours a day, five days a week, and worldwide currencies are exchanged among London, New York, Tokyo, Frankfurt Hong Kong, Singapore, Paris, and Sydney’s major financial centres. In terms of the total cash value traded, FX is the world’s  largest financial market  and any individual, firm, or country can participate in this market. Extreme liquidity and  high leverage availability  have helped fuel the rapid growth of the market and have made it the perfect location for many forex traders. Positions may be opened and closed in a short amount of time, or kept for months. Currency prices are based on objective supply and demand considerations and can not be easily influenced because the size of the market does...
1 comment
Read more

How To Trade Trends In Forex Market?

Forex trend is an important term of technical analysis which gives information about the overall market direction. A trend can be either long-term or short-term, based on fundamental economic, sentimental and other influences. Trading through the trend is one of the best trading methods and a perfect forex strategy to maximize income. The classical solution for efficient trading is in principle trading with the trend. Once someone starts trading, they soon discover a concept generally used that traders make most of the money while trading with the trend. One of the major issues with trends is that it is always too late to enter a trade by the time the trend is established. Although trends are clear and seem to look retrospectively at  forex charts , in real-time trading conditions they can be difficult to enter early and often very difficult to leave. Involving yourself early in a forex cycle depends on entering with a signal that the forex market will either proceed in ...
1 comment
Read more