fibogroup.com
FIBO Group representative
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- 683
The virus is rapidly spreading: 1995 confirmed cases in China (this morning), 31- in other countries, including two cases in the USA. In the morning, confirmed 1 case Canada. In the Russia so far there are no confirmed cases.
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The negative impact on the economy is no longer in doubt: Chinese cities are blocked, the inevitable deepest failure in the transport industry, a general decrease in the level of business activity. There is a risk that force majeure circumstances will reduce China’s desire to fulfill the stringent obligations of a trade deal with the USA (many of these obligations seemed impossible to many). As a result, pressure on commodity prices, capital outflows from developing countries.
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Avoiding risks at the end of the week has already become pronounced and in the near future can only intensify.
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How to trade on coronavirus?
The strategy is simple - buy dollars and gold.
Dates - all current week.
Last time, a similar case provoked a 10% correction on all world sites within two weeks. however, subsequently for 3-4 months prices recovered. This is the model we take for the base scenario.
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The negative impact on the economy is no longer in doubt: Chinese cities are blocked, the inevitable deepest failure in the transport industry, a general decrease in the level of business activity. There is a risk that force majeure circumstances will reduce China’s desire to fulfill the stringent obligations of a trade deal with the USA (many of these obligations seemed impossible to many). As a result, pressure on commodity prices, capital outflows from developing countries.
=======
Avoiding risks at the end of the week has already become pronounced and in the near future can only intensify.
=======
How to trade on coronavirus?
The strategy is simple - buy dollars and gold.
Dates - all current week.
Last time, a similar case provoked a 10% correction on all world sites within two weeks. however, subsequently for 3-4 months prices recovered. This is the model we take for the base scenario.