Coronavirus claims the title of black swan. Now, commodity markets are paralyzed by fear of the Wuhan Plague, which hit air travel, stunned Chinese industry, and in the event of a global pandemic, it will drop the world economy more than the 2008 crisis.
Here are a few numbers:
Worst January in 29 years. In the first month of 2020, oil prices collapsed by 15%. because of this, OPEC + members will hold an emergency meeting on February 4-5 in Vienna.
“Unprecedented sale”: Chinese investors returning from the New Year holidays have fallen off the Chinese stock market (at the moment it is losing 9.1%).
The largest regulators added #virus to other uncertainties that will affect the market.
=======
Weekly Calendar:
02/03/2020, Monday
No significant events
02/04/2020, Tuesday
Rate of the Reserve Bank of Australia (RBA).
Emergency OPEC + meeting.
Message from Donald Trump to the US Congress.
02/05/2020, Wednesday
Changes in employment in New Zealand.
Report of the European Commission on the revision of budget rules.
US crude oil reserves.
02/06/2020, Thursday
Day off - New Zealand.
Speech by Christine Lagarde in Brussels.
02/07/2020, Friday
Change in US employment !
Change in employment in Canada.
#fibogroup #forex #forexnews #forexanalysis #economics #economiccalendars #finance #usa #canada #newzealand #belgium #australia #china #news #recentnews #forexforecast
Here are a few numbers:
Worst January in 29 years. In the first month of 2020, oil prices collapsed by 15%. because of this, OPEC + members will hold an emergency meeting on February 4-5 in Vienna.
“Unprecedented sale”: Chinese investors returning from the New Year holidays have fallen off the Chinese stock market (at the moment it is losing 9.1%).
The largest regulators added #virus to other uncertainties that will affect the market.
=======
Weekly Calendar:
02/03/2020, Monday
No significant events
02/04/2020, Tuesday
Rate of the Reserve Bank of Australia (RBA).
Emergency OPEC + meeting.
Message from Donald Trump to the US Congress.
02/05/2020, Wednesday
Changes in employment in New Zealand.
Report of the European Commission on the revision of budget rules.
US crude oil reserves.
02/06/2020, Thursday
Day off - New Zealand.
Speech by Christine Lagarde in Brussels.
02/07/2020, Friday
Change in US employment !
Change in employment in Canada.
#fibogroup #forex #forexnews #forexanalysis #economics #economiccalendars #finance #usa #canada #newzealand #belgium #australia #china #news #recentnews #forexforecast