CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies
Valutrades_LogoSpot
Valutrades_SYLogoSpot

Company

Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.

Regulation

Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1

Country

United Kingdom
Seychelles

Negative Balance Protection

Yes
Yes

Back to Blog

Crude Crash and Coronavirus Economic Fallout

   

Welcome to this week’s Market Blast Fundamentals where we will look at Gold (XAUUSD), US Oil (WTI), USDCAD, USDMXN, the DAX (DE30), and the FTSE 100 (UK100).

The Coronavirus fallout has caused a major crash in global stock markets and we need to look at the monthly charts to find the bottoms.

Screenshot 2020-03-16 at 09.53.39

 

European equities seem to be hit hardest with the DAX at levels from seven years ago, the STOXX50 from 8 years ago, and the FTSE 100 from nine years ago.

The Japanese and Australian indices have retuned to 2016 levels and the US indices are at 2018 and 2017 levels.

As usual, we ask you to watch the economic calendar and this week is extra important as, for example, the US Interest Rate decision due on Wednesday occurred last night and many central banks have already lowered rates in emergency meetings.

Other Interest Rate decisions may be accelerated so please watch the news.

Screenshot 2020-03-16 at 09.53.58

 

Both WTI and Brent Crude have crashed along with the Australian Dollar, Canadian Dollar and Mexican Peso.

We need to see better news on the OPEC price war before any recovery of Oil or the Comdolls.

Of course, we all need to see better news on the Coronavirus before we see any global economic recovery.

Screenshot 2020-03-16 at 09.54.15

 

Gold has fallen as funds and central banks have sold their reserves looking for cash to combat the negative economic effects of Coronavirus.

To find out more, you may register for our Gold trading webinar next week.

That’s all for now. Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

Comments