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

Market Blast Fundamentals - US Non-Farm Payrolls and Coronavirus

   

Welcome to this week’s Market Blast Fundamentals where we will look at USDCNH, Gold (XAUUSD), USDCHF, USDJPY, HK50, and the Coronavirus.

 

Last week we made a chart profile called Coronavirus where we see that weekend gaps on Gold, US Oil and the Yen were filled but prices, especially the Chinese Renmibi, continuing to react to the virus threat.

Screenshot 2020-02-03 at 09.15.36

 

Global Stock Indices have also reacted badly to the virus threat, especially the Hang Seng in Hong Kong.

Screenshot 2020-02-03 at 09.15.18

Looking at the USD Majors we see Dollar strength except against the safe havens like JPY and CHF but watch out this week for US Economic News on Manufacturing PMI today, Non-Manufacturing PMI andADP Employment Wednesday, and, of course, the biggest event of the of the month, the Non-farm Payrolls.

Also, the Reserve Bank of Australia will be deciding on their Interest Rate tomorrow and we will expect more AUD volatility with the RBA speeches on Wednesday and Thursday and Retail Sales also on Thursday.

We see AUD weakness in all major pairs but keep an eye on your key levels and the further effects of the Coronavirus.

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