Action Insight Weekly Report 2-29-20

Stocks & Gold Crashed as Coronavirus Pandemic is Near, Traders See Fed Cut -50bps in march

Action Insight Weekly Report 2-29-20 Stocks & Gold Crashed as Coronavirus Pandemic is Near, Traders See Fed Cut -50bps in march The world got one big step closer to Wuhan coronavirus pandemic with explosion of number of cases outside China in the past last week. South Korea (3150 cases, 16 deaths), Italy (888 cases, 21 deaths) and Iran (388 cases, 34 deaths) are now the new epicenters, while Japan (235 cases and 5 deaths) is not far behind. Fear global recessions prompted steepest selloff in stocks since 2008 financial crisis. In particular, gold also lost its safe haven status and suffered the worst decline since 2013. Also traders and investors are in panic. In the currency markets, Australian Dollar was the worst performing one even though corona virus cases are just limited to 25. New Zealand Dollar followed as second weakest while Canadian Dollar was the next, as pressure by free fall in oil prices. Yen reversed its fortune and ended as the strongest one, followed by Euro and then Swiss Franc. Euro was indeed helped by some selling pressure in Dollar, bets on a March rate cut surged sharply. Traders are seeing near 100% of -50bps cuts to 1.00-1.25%. For the near term tough, DOW and Gold are both close to important support zones. Last week's could also be partly due to month end adjustments. There is prospect of stabilization of risk sentiments initially this week. But what's next will very much depends on how quickly the coronavirus spreads, and how well is China's productions resume. Full Report Here Central Bank Views | China Watch | Oil N' Gold | Special Topics AUD/USD Weekly Outlook AUD/USD's down trend continued last week with downside acceleration to as low as 0.6433. Initial bias remains on the downside this week for further fall. Next target is 161.8% projection of 0.6933 to 0.6662 from 0.6750 at 0.6479. On the downside, break of 0.6592 minor resistance will turn intraday bias neutral first. But recovery should be limited below 0.6750 resistance to bring fall resumption. Full Report Here EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY Recommended Readings Weekly Economic and Financial Commentary: A Tough Week Forward Guidance: Coronavirus Risks in Focus with BoC Set to Cut Rates The Weekly Bottom Line: Rate Cut Odds Surge As Covid-19 Spreads Weekly Recap/Week Ahead: What Just Happened? NZD/USD Bulls are Salivating The Week Ahead – Central Banks, OPEC + and Governments Prepare to Cushion the Coronavirus Impact ISM PMIs Could Upset Dollar if Virus Impact Confirmed Week Ahead – RBA and BoC Meet: No Virus Stimulus Yet; US Jobs Report also in Focus RBA on Hold in March; April Cut on Track. FOMC to Move First Cut to March from June Weekly Focus – Coronavirus Crisis – The Fear Factor Hits Europe Fundamental Analysis | Technical Analysis In-depth Reports RBA on Hold in March; April Cut on Track. FOMC to Move First Cut to March from June Eurozone – Implications of Coronavirus COVID-19: How Would Fed Easing Help? Gauging Canadian Coronavirus Supply Chain Vulnerabilities The Implications of the Phase One Trade Deal for the U.S., China and the Globe Will COVID-19 Force the Fed's Hand?

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How Coronavirus Will Impact U.S. Equities

Goldman has issued a report on the multiple impacts on stocks of the swift spread of the coronavirus. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Investopedia Daily | The Latest How Coronavirus Will Impact U.S. Equities Goldman has issued a report on the multiple impacts on stocks of the swift spread of the coronavirus. Read More » You may also be interested in: The 10 Cheapest, Safest Retirement Countries in the World If you are looking to retire somewhere with a lower cost of living—and a peaceful environment—these 10 nations offer that magic combination. Read More » SPONSORED BY INVESCO The Complete Guide to ETFs ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. Learn More » Comparing Peril vs. Hazard in the Insurance Industry The two related terms, peril and hazard, are often used in reference to the insurance industry, covering physical, moral, and morale classifications. Read More » When Should You Get Supplemental Life Insurance? For individuals with larger families and responsibilities, supplemental life insurance may bridge the shortfall in coverage from term or whole-life policies. Read More » Life vs. Health Insurance: Choosing What to Buy When you only buy the coverage you truly need, the debate over medical insurance vs. life insurance might just be one you can avoid. Read More » Top 5 Gold ETFs for 2020 Gold ETFs offer a convenient way to take advantage of the volatility of the precious metals market. Read More » Understanding the Insurance Transfer-for-Value Rule If you are banking on your life insurance payout being tax-free, you may be in for a surprise. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy

                                                           

What are 'Futures'?

Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a commodity or financial instrument, at a predetermined future date and price. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | Words to Know Futures Futures are derivative financial contracts that obligate the parties to transact an asset at a predetermined future date and price. Here, the buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date. Underlying assets include physical commodities or other financial instruments. Futures contracts detail the quantity of the underlying asset and are standardized to facilitate trading on a futures exchange. Futures can be used for hedging or trade speculation. Read More » Related to "Futures" An Overview Of Futures, Derivatives, and Liquidity Gain an understanding of futures and derivatives, and how these instruments are meant to mitigate market risk. Read More » Options vs. Futures: What's the Difference? Options and futures are both ways that investors try to make money or hedge their investments. However, the markets for these financial products operate very differently. Read More » Derivatives vs. Options: What's the Difference? A derivative is a financial contract that gets its value from an underlying asset, while options offer one type of common derivative. Read More » SPONSORED BY INVESCO The Complete Guide to ETFs ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. Learn More » Related Definitions Futures Contract An agreement to buy or sell the underlying commodity or asset at a specific price at a future date. Read More » Futures Exchange A futures exchange is a central marketplace, physical or electronic, where futures contracts and options on futures contracts are traded. Read More » Leverage Leverage results from using borrowed capital as a source of funding when investing to expand a firm's asset base and generate returns on risk capital. Read More » Initial Margin Initial margin refers to the percentage of a security's price that an account holder must purchase with available cash or other securities in a margin account. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy