ORBEX: Keep and Eye on Coronavirus & Today's BOC!
Markets remained somewhat muted at the start of the impeachment trial despite Trump’s talk at Davos as concerns around the deadly coronavirus mounted. It’s going to affect Asian economies for sure due to weakening consumer spending unless if it will be contained asap, and perhaps the emerging markets too.
In Europe, German and UK macros were seen increasing risk appetite, however, with ECB and #Brexit on the spotlight we could see participants take on a cautious approach on euro and pound now and shift their focus on today’s BOC policy decision.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
In Europe, German and UK macros were seen increasing risk appetite, however, with ECB and #Brexit on the spotlight we could see participants take on a cautious approach on euro and pound now and shift their focus on today’s BOC policy decision.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
