empty
 
 
20.02.2020 12:49 PM
Markets gone mad

This image is no longer relevant

Good afternoon, dear traders!

I think I will not surprise anyone if I say that at a very interesting time we live and trade. Recently, the market has changed a lot, and this, in my opinion, is connected with the economic crisis, which, in my opinion, is already underway. The trigger was the Chinese epidemic of coronavirus. This virus, in addition to casualties, brought incredible fear, which pushed gold to distance.

But the most affected are the currencies. Everything falls - the EUR/USD, GBP/USD, AUD/USD, and absolutely ignoring the positive news on base currencies.

EUR/USD has been falling recoilless already on the 14th day as part of a common two-year fall! Look at the stories - when did this happen and at what events? The last time this happened is in 2018, and before that during the crisis in 2014.

This image is no longer relevant

You, of course, say that everything is bad in the eurozone! Let's look further.

GBP/USD completely ignores the positive news in the country's economy.

This image is no longer relevant

AUD/USD plummets to good employment, breaking through the lows of 2018 and 2019:

This image is no longer relevant

The "fear indicator", gold, is at its highest point in the last 7 or 8 years, completely ignoring all the positive dollar news:

This image is no longer relevant

Against this background, I recommend that you carefully select trading situations, reduce risks by at least two to three times and maximize the timeframe.

Success in trading and control the risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback