Preview Mode

Search Directory
Search Directory
  • Add
    Company
Home
> Forex Brokers
> Xero Capital Markets Ltd.
> Market Turns Risk-Off As Trump Has Been Reported Positive For COVID-19
Disclaimer

Market Turns Risk-Off As Trump Has Been Reported Positive For COVID-19

Xero Capital Markets Ltd.

Disclaimer

During the Asian session, the market mood turn to firmly risk-off, with Asian stocks traded lower, lower yield, higher volatility, and strength in safe-havens.

The negative sentiment is widely being attributed to reports of US President Trump testing positive of COVID-19. "Tonight, FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER," Trump wrote on Twitter.

In FX markets, the risk-off tone has boosted safe-havens currencies, with JPY is leading across the board, followed by CHF and USD.

On the other hand, high-beta currencies have remained pressured with AUD is the worst performer. Meanwhile, GBP dropped amid a continuation of Brexit uncertainty following yesterday's contradictory reports.

In the European session, the analysts expect the market mood to remain risk-off, as Brexit uncertainty and US election uncertainty to all remain pressing issues. Any further Brexit developments could market-moving for GBP, and ongoing risk-off tone to continue support safe-haven currencies and pressuring high-beta currencies.

Xero Capital Markets Ltd. Review

Source: https://monsun.asia/2020/10/02/market-turns-risk-off-as-trump-has-been-reported-positive-for-covid-19/
Disclaimer
Financial and Business News

Follow Us

Looking for a Service?

Looking for a Service?

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: Finance Magnates™ is not an investment advisor, Finance Magnates™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and Finance Magnates™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Finance Magnates™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Copyright © 2025 "Finance Magnates CY Ltd." All rights reserved.
For more information, read our Terms, Cookies and Privacy Notice Manage Cookies

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}