Forex Today: Stocks Falling on Coronavirus Milestones

Adam Lemon

Coronavirus “second wave” hits U.S.A.

  • Asian stock markets are falling as several U.S. states report surge in new coronavirus cases after reopening, with Texas especially badly hit. Some restrictions are re-imposed, causing fears of economic damage. The Japanese Nikkei 225 Index is down by almost 2% today.
  • Globally there are now more than 10 million confirmed coronavirus cases and half a million deaths. The death tolls are highest in the U.S.A., Brazil, the U.K., Italy, and Spain – together these countries have seen more than half of all deaths worldwide.
  • Gold made a new 8-year high weekly close last Friday, and looks likely to rise higher still this week.
  • Friday saw the highest daily tally yet of new confirmed coronavirus cases yet worldwide, with 194,190 new confirmed cases.
  • In Forex, risk sentiment has improved as the week opens, with precious metals and the British Pound strong, while the U.S. Dollar is currently the weakest currency.
  • Coronavirus deaths in Latin America and the Caribbean are 53% of the global daily total, well exceeding those in both the U.S.A. (12%) and Europe (approx. 10%) which shows that the epicenter of the pandemic is in South America.

Advertisement
Latin American currencies can give great price movements.
Trade them with our featured broker.
Trade Now !

  • Total confirmed new coronavirus cases stand at over 10.1 million with an average case fatality rate of 4.95%.
  • Brazil continues to see more daily deaths from coronavirus than any other country in the world.
  • The rate of new coronavirus infections appears to be increasing most quickly in Brazil, the U.S.A., India, Mexico, Colombia, Iraq, South Africa, Sweden, the Philippines, Serbia, Costa Rica, Germany, Japan, Switzerland, and Israel.
About the Author
Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Learn more from Adam in his free lessons at FX Academy

Comments

Did you like what you read? Let us know what you think!

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

0 User comments
Add Comment

exclamation mark

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate will also be removed.

Read more
Add new comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.