What is Forex and how does it work?
27 November 2015
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- theforexscalper
theforexscalper
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info@theforexscalpers.com
Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
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.
Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
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