Pneumonia Outbreak Causes Great Volatility in Global Financial Market
During Chinese Spring Festival Holiday(January 24th to 31th), the global financial market suffered great volatility due to the outbreak of public health emergency. Risky assets including stock fell, with A50 Index dropping 7%, Hang Seng Index 5.7%, Dow Jones Index and S&P 500 Index over 3%. Meanwhile, crude oil and base medal were in a downturn, and U.S. treasury’s yield suffered the biggest decline of 13%.
France Faces a Record Level of Debts
France’s foreign debt for one quarter in 2019 exceeded 100% of GDP and reached a record 2.14 trillion euros, which means the French president Macron’s election promise to reduce the country’s debt by 5% within 5 years has remain unfulfilled.
Latest Changes of Positions in Forex and Futures
As of November 26th, 2019, speculative net shorts for the British pound increased by 4,673 to 36,576. Among them, speculative longs decreased by 559 to 38,646, and speculative shorts increased by 4,114 to 75,222.
Poland’s Gold Purchase May Indicate a New Trend
Against the backdrop of expanding negative bound yield,gold may gain greater appeal among central banks worldwide in 2020 as a unique type of asset.
Growing Forex Trade Volume Calls for More Risk Awareness
The fifth issue of the London Renminbi Business Quarterly Report, jointly released by the City of London and the People's Bank of China in Europe recently, showed that RMB’s average daily forex trading volume in Q2, 2019 reached a record high of 85 billion pounds, up 8.8% from the previous quarter and a 22.9% increase year-on-year.
Wall Street Investment Banks Set to Long the Euro
Some Wall Street investment banks have begun to lay out their plans for euro ahead of time. The JPMorgan strategist team said they are looking for opportunities to long EUR/USD. Easing of the trade tension recently, as well as the prospect that Europe will adopt more fiscal policies should boost the euro.
Will an NFP Exceeding Expectations Prop up US Economy?
At the turn of October and November, the forex market again sees great ups and downs as US released 2 major economic indicators, the latest Federal Reserve interest rate and the October non-farm payrolls. Besides the market fluctuation, investors also need to pay attention to what these two indicators say about the US economy and its future trend.
IRC hold investor's money for being complained?
WikiFX received an investor's complaint of IRC recently for the suspension of his account arbitrarily. Though he was forced to drop the complaint, he cannot withdraw the money till now.