Corona Virus Takes a Bit of the Apple, Gains in Gold, and Bitcoin Bounces
Here's what you need to know on Tuesday, February 18:
is rising The economic impact of the coronavirus outbreak, as Apple, the manufacturer of the iPhone iPhone, has issued a warning that it is unable to meet its production guidance due to problems and closed stores in China. The tech giant's announcement pressures the market's mood, sending gold and the yen higher. The Japanese currency continues to ignore the 1.6% quarterly decline in output from the world's third largest economy.
it causes the disease Already, more than 1,800 people have died and 72,000 people have been infected, according to Chinese authorities. As Macau's casinos reopen, Hong Kong aims to stimulate the economy in the wake of the damage from the virus. The United Kingdom is joining the United States in evacuating its citizens from the Diamond Princess cruise ship docked in Japan.
pair lasts EUR/USD EUR/USD Trading near a 34-month low at 1.0820 ahead of a survey ZEW German economic sentiment, which is expected to decline after the rebound in late 2019.
Britain's exit from the European Union Brexit: David Frost, the UK's chief negotiator, has insisted that his country will set its own rules after the transition period ends, adding to concerns ahead of talks that will begin in March. GBP/USD affected GBP/USD Finally from these notes.
It is expected to appear UK jobs report for December A slowdown in wage growth, but the unemployment rate is expected to remain at historical low levels of 3.8%. The reports include a long list of UK economic figures this week.
The Australian dollar is under pressure Also due to the minutes of the Reserve Bank of Australia meeting RBA, which stresses the need for an extended period of low interest rates.
American traders are back Today after a long weekend, the market liquidity is expected to rise. Attention is focused on the Empire State Manufacturing Index.
still oil prices Stable at lower levels, as Russia remains reluctant to cut production in coordination with OPEC OPEC.
I managed Cryptocurrencies From rebounding after several days of losses. trade bitcoin Bitcoin around the $9800 area.