Coronavirus

Coronavirus Banner

On this page, you will find our latest news and analysis of the Coronavirus, and how it is affecting the world’s financial markets. You will also find our Coronavirus map, and see which countries have confirmed cases of the Coronavirus (2019-cCoV).

Special Article: Revisiting SARS and How the New Coronavirus Outbreak Can Affect Financial Markets

Confirmed Coronavirus Cases

71,811

Total Confirmed

1,775

Total Deaths

11,364

Total Recovered

Coronavirus Map

The data for the map is complied by John Hopkins CSSE, and their sources are WHO, CDC, NHC, and DXY.

What is Coronavirus?

In January 2019, news of a SARS-like coronavirus hit the newswires. It began in the Chinese province of Wuhan and is said to have come from animals. Its symptoms include a runny nose, cough, fever, and difficulty breathing. In more severe cases, it can lead to kidney failure and death. Officially the new virus is called 2019-nCoV, and it quickly infected over 800 people in less than two weeks. The death toll also rose from 3 to 25 in a matter of days. Countries outside of China soon began recording cases of the coronavirus from Japan, Thailand, South Korea, the US, and Australia.

To curb the spread of the disease, the Chinese government imposed a travel ban for the city of Wuhan. It was a bold move considering that Wuhan is a large city of 11 million people and is considered a significant transport hub. Soon after, eight more Chinese cities were limited from travel.

Consequently, the infection sparked public fears. It did not take long for that fear to affect financial markets. Among those adversely hit was the Hang Seng Index. The proximity of the financial hub to the epicenter took its toll on stocks in the retail, transportation, and property sectors. The Shanghai Composite Index initially benefitted from the news thanks to increased sales by pharmaceutical and mask-producing companies. However, risk aversion quickly caught on, and the Chinese stock index began trading lower.

On the other hand, safe-haven assets like gold and the Japanese yen saw increased demand as fears of the coronavirus mounted.

Latest News

coronavirus - trump

Market-Moving Coronavirus-Related Headlines You Might Have Missed Last Week

This past week, economic data took a backseat to actions being taken by governments to contain the spread of the coronavirus pandemic which has crippled the world. In case you missed it, there was a lot of money involved.

Continue reading with a free membership account. It takes seconds to create. Please note that site is optimized for Chrome on Iphones.

[nextend_social_login style="icon"] Register


EURGBP ftse

EUR to GBP Exchange Rate Undecided as German GfK and UK Retail Sales Both Disappoint

The EUR to GBP exchange rate was little changed after the reports from Germany and the UK both disappointed market expectations. The currency pair is trading around its Asian session highs just above the 0.9600 handle following the release. EUR to GBP, 15-minute chart Read our Best Trading Ideas for...

Continue reading with a free membership account. It takes seconds to create. Please note that site is optimized for Chrome on Iphones.

[nextend_social_login style="icon"] Register


Gold prices

Gold Price Bullish After Senate Passes the US Coronavirus Relief Package, Jobless Claims Ahead

While volatility on gold price has been limited in the last few trading hours, technicals on XAUUSD suggest that buyers may soon push the market higher. It may have something to do with the massive coroanvirus relief package that the US Senate just passed. Read our Best Trading Ideas for...

Continue reading with a free membership account. It takes seconds to create. Please note that site is optimized for Chrome on Iphones.

[nextend_social_login style="icon"] Register


USDMXN

USDMXN Turns Lower Following Meteoric Rise of 38% from 2020 Lows

USDMXN is finally paring some of its gains after its meteoric rise. In February, the currency pair had been trading around 18.4970. Within 16 days, it traded to its record highs at 25.4459. This translates to a 38% appreciation. What caused the Mexican peso to devalue by this much? USDMXN,...

Continue reading with a free membership account. It takes seconds to create. Please note that site is optimized for Chrome on Iphones.

[nextend_social_login style="icon"] Register