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

Reasons not to Quit the Forex Trading Market

Forex trading success takes time, patience and a huge amount of practice. Most of the new traders on the Forex trading don’t last very long–not generally because they deduce some losses that are difficult to recover from, but because they initially make a few losses and give up. The truth is, quitters never win and winners never quit. Becoming a good professional Forex trader is not easy but by taking a professional approach to Forex trading, anyone can become profitable traders. One of the main reasons to quit the Forex Trading that most traders get burned out and finally want to give up Forex trading or generally give up simply because they want to get rich fast. Trying to get richer quickly in Forex trading obviously means you’re probably doing almost everything wrong. This means you are likely to trade too often and lose too much per position trade which are two factors that easily lead to a lot of money being lost as well as anger and mental anguish. Just about everythin...
2 comments
Read more

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