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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: DinoNavarre who wrote (4359)	2/17/2020 3:52:56 AM
From: elmatador	1 Recommendation Recommended By DinoNavarre Respond to of 13796

Asia interconnected economies will take the biggest hit in the wake Covid-19. Look at it like this: The Asian economies were already in for a weak 2020. Hong Kong was already mess, China was struggling with their 6% any way or another and then, Covid-19 hit adding to the Asian economies' troubles. Singapore cuts 2020 GDP forecast range to -0.5% to 1.5% due to COVID-19 outbreak channelnewsasia.com Thailand's Economic Outlook Goes From Bad to Worse worldview.stratfor.com Indonesia sees gloomy outlook on economy as growth falls below 5% thejakartapost.com Malaysia GDP growth slows to 4.3%, lowest in 10 years asia.nikkei.com The Philippines is looking good so far. Less dependend on Chinese tourism and was going strong last year. Vietnam still thinks it can grow strong (6.8%) but we will see how it will come out of Covid-19 India, which until recently was the fastest growing major economy, is expected to post a 5.8 percent GDP gain this year and 6.5 percent in 2021, due to “stress in the nonbank financial sector and weak rural income growth.”

To: DinoNavarre who wrote (4359)	2/20/2020 2:00:01 AM
From: elmatador	Read Replies (1) \| Respond to of 13796

Hi Dino, USD spiking since Jan. 1st.The U.S. Dollar Currency Index, which measures the greenback’s strength against six other major currencies, rose 0.24% at 99.688, its highest since May 12, 2017. In addition, and also supporting the dollar, fears around the Chinese COVID-19 continued to ebb, adding to the idea that the worst scenario regarding the virus could be behind us. fxstreet.com Dollar index at near 3-year high as yen sinks on stronger risk appetite PUBLISHED TUE, FEB 18 20209:28 PM ESTUPDATED WED, FEB 19 20201:35 PM ES The U.S. dollar climbed on Wednesday to near a three-year high against a basket of other currencies and the safe-haven yen sank to a nine-month low as a decline in the number of new coronavirus cases in China and expectations for more policy stimulus boosted investors’ appetite for risk. Strong U.S. data that could support the Federal Reserve’s desire to keep interest rates unchanged after lowering borrowing costs three times in 2019, supported the greenback. China posted the lowest daily rise in new coronavirus cases since Jan. 29. Many view Chinese data on the virus with skepticism, but sentiment was lifted by a Bloomberg report that Beijing was considering cash injections or mergers to bail out airlines hit by the virus. Those steps would come after this week’s cut in the medium-term lending rate, which has fed expectations for a reduction in the benchmark loan prime rate. “China is trying to rev up some stimulus to offset some of the negative economic impacts from the issues going on with the coronavirus,” said Minh Trang, senior FX trader at Silicon Valley Bank in Santa Clara, California. Against the Japanese yen, which tends to benefit during geopolitical or financial stress as Japan is the worlds biggest creditor nation, the dollar rose 0.96% to 110.91, its highest since May. Worries about Japan’s economy, which shrank at the fastest pace in almost six years in the December quarter, were also weighing on the yen, Trang said. Investors are awaiting the release of the minutes from the Federal Reserve’s January meeting, due at 1900 GMT. “The focus will be on the balance sheet management by the Fed,” Trang said. On Wednesday, the dollar was supported by data that showed U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength. Other data showed producer prices increasing by the most in more than one year last month. The U.S. Dollar Currency Index, which measures the greenback’s strength against six other major currencies, rose 0.24% at 99.688, its highest since May 12, 2017. The euro bounced briefly above $1.08 but sank below the mark to trade down slightly against the greenback. The single currency had earlier fallen to a three-year low after a survey showed weakening confidence in Germany. Sterling slipped back under $1.30, shrugging off data showing an unexpected surge in UK inflation to a six-month high in January as focus returned to Britain’s trade talks with the European Union and government plans to boost spending.