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Covid-19 Hits Yen and Korean Won

February 20, 2020
Overview: The increase of Covid-19 cases in South Korea and Japan, coupled with China's changing reverting back to its previous methodology of calculation, dropping clinically-diagnosed cases have again weakened risk appetites and sent the dollar broadly higher. Fears of a Japanese recession are sapping the yen's role as a safe haven, and …
Covid-19 Hits Yen and Korean Won Covid-19 Hits Yen and Korean Won Reviewed by Marc Chandler on February 20, 2020 Rating: 5
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Investors' Confidence Snaps Back

February 19, 2020
Overview: After shunning risk yesterday, investors re-entered the fray today, and the animal spirits returned. The MSCI Asia Pacific Index snapped a four-day slide, and China's markets were among the few losers in the region today. Europe's Dow Jones Stoxx 600 recovered yesterday's losses in full and is again at record highs. US shares…
Investors' Confidence Snaps Back Investors' Confidence Snaps Back Reviewed by Marc Chandler on February 19, 2020 Rating: 5
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Apple's Warning Weighs on Sentiment

February 18, 2020
Overview: Apple's warning that it will miss Q1 revenue due to the knock-on effects of the coronavirus seemed to be a modest wake-up call to investors, who, judging from the equity market, were looking beyond. Equities have fallen, and bonds have rallied. Japan, Hong Kong, and South Korean stocks fell by more than 1%, and only China and Indones…
Apple's Warning Weighs on Sentiment Apple's Warning Weighs on Sentiment Reviewed by Marc Chandler on February 18, 2020 Rating: 5
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Dismal Q4 Japanese GDP Fails to Spur Yen Movement

February 17, 2020
Overview: It is only a US holiday today, but the global capital markets are subdued. In the Asia-Pacific region, equities traded lower with China and Hong Kong, the main advancers. The MSCI Asia Pacific Index has fallen in only two weeks since the end of last November, and that was during the last two weeks of January. Europe's Dow Jones Stoxx…
Dismal Q4 Japanese GDP Fails to Spur Yen Movement Dismal Q4 Japanese GDP Fails to Spur Yen Movement Reviewed by Marc Chandler on February 17, 2020 Rating: 5
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Strong Dollar Optics, Less Clear-Cut Details

February 16, 2020
The dollar's performance last week is best understood as the fulcrum of the seesaw.  The major currencies that are perceived to be levered or growth and/or risk rose.  These are the dollar-bloc and the Scandis. The Swedish krona sold off before the weekend, perhaps as the market anticipates a weak CPI report that may reinforce ideas that the r…
Strong Dollar Optics, Less Clear-Cut Details Strong Dollar Optics, Less Clear-Cut Details Reviewed by Marc Chandler on February 16, 2020 Rating: 5
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Markets are Data-Driven, but which Data?

February 15, 2020
Like a Newtonian law of motion, market participants will continue to rely on a particular trading style or system until it stops working. Betting that volatility stays low is a cash register for many, and there appears to be what Soros called "reflexivity" here, like a self-fulfilling prophecy.  Why is volatility low?  Because it is bein…
Markets are Data-Driven, but which Data? Markets are Data-Driven, but which Data? Reviewed by Marc Chandler on February 15, 2020 Rating: 5
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Investors Continue to Look Past the Coronavirus

February 14, 2020
Overview: The capital markets are heading into the weekend, still trying to look past the coronavirus despite the new cases in Hubei. Tokyo was a notable exception in the Asia Pacific region, as the other major equity markets, like in Hong Kong, China, Taiwan, South Korea, and Australia, advanced. The MSCI Asia Pacific Index rose for the second we…
Investors Continue to Look Past the Coronavirus Investors Continue to Look Past the Coronavirus Reviewed by Marc Chandler on February 14, 2020 Rating: 5
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