Daily Market Commentary

Latest News

Friday February 21st, 2020

Coronavirus worries continues to put increased pressure on Asian currencies with CNY slipping close to 10 week lows vs US$. JPY traditionally a safe-haven currency has come under-pressure as investors demand focuses on US$. So far in 2020 JPY has weakened almost 3%, SGD 4%, Thai Baht 5% all on Coron...
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Thursday February 20th, 2020

The growing economic risk concerns related to the Coronavirus is impacting all currencies, leaving just the US$ as the safe-haven currency of choice. Non-US$ currency sell off continues with Aud nears 11 year lows, JPY is heading towards 1 year lows and NOK near two decade lows. Across the board Asi...
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Wednesday February 19th, 2020

Mixed signals within the markets as oil prices firm on the slowing number of new Coronavirus cases. Whereas currency markets weakened on fears for the economic impact from the virus. The number of Coronavirus cases stands at +75k with deaths from the virus at over 2,000. Chinese CNY hit a 2-week low...
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Monday February 18th, 2020

Coronavirus (COVID-19) developments continue to dominate investors focus as concerns rise over the longterm impact of the virus on businesses globally. The number of virus cases has reached +73k with almost 1,900 deaths reported. The impact from the virus is being felt by global companies such as Ap...
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Friday February 14th, 2020

It has been a volatile week for global currencies with conflicting virus news causing currency volatility. Reports that a number of factories have returned to work within China has brought some calm to the markets. AUD, NZD, Yuan and other Asian currencies reported their first positive weekly gains...
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Thursday February 13th, 2020

The coronavirus optimistic tone reversed as China reported a record rise in deaths and thousands of new cases under a new diagnostic method. New Coronavirus cases jumped 14k, bringing the total to over 60k and the new of deaths grew by 242 to 1,350 worldwide. US$, Yen and Chf rebounded as investors ...
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Wednesday February 12th, 2020

China reported its slowest daily growth of coronavirus infections in almost two weeks. The news raised hopes that the outbreak may be peaking and the damaged to the economy may be fleeting. Asian and export-oriented currencies such as NOK and SEK have rebounded slightly on the optimism news. US$ rem...
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Tuesday February 11th, 2020

Coronavirus developments continue to dominate market sentiments as WHO chief sees “very grave threat” to world. Chinese experts says that the Coronavirus may peak soon, as the number of new cases fell for a 2nd time. The longer term economic impact remains unclear as a number of Chinese ...
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Monday February 10th, 2020

The coronavirus remains a primary focus for investors concerned about the economic impact on China, as well as transportation and tourism within Asia/globally. There have been more than 40,000 cases of the coronavirus globally, mostly in China. The total number of deaths is now 910, surpassing that ...
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Friday February 7th, 2020

The US$ remains the dominant currency of choice for investors who are finding support from strong US economic data and a safe-haven for the coronavirus fears. The coronavirus death toll reached almost 640 and confirmed cases continues to grow hitting almost 31,500. The number of cases across Asian i...
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