NORWEGIAN KRONE, SWEDISH KRONA, CORONAVIRUS, STATE OF THE UNION ADDRESS – TALKING POINTSCrude oil prices, Norwegian Krone could f
NORWEGIAN KRONE, SWEDISH KRONA, CORONAVIRUS, STATE OF THE UNION ADDRESS – TALKING POINTS
- Crude oil prices, Norwegian Krone could fall on coronavirus contagion fears, key PMI information
- Brent, NOK could trim losses on State of the Union Handle if fiscal insurance policies are highlighted
- Stable company earnings could amplify market temper, counter sentiment-sapping coronavirus
CORONAVIRUS FEARS SOURING MARKET MOOD
Issues in regards to the financial influence of the coronavirus proceed to contaminate market temper and prompting aggressive declines in sentiment-linked currencies and fairness markets. The cycle-sensitive Swedish Krona and Norwegian Krone together with crude oil costs have expertise important promoting strain whereas their anti-risk counterparts just like the US Dollar and Japanese Yen have prospered.
Chart Exhibiting Coronavirus Contaminated Areas
Graphic created by Johns Hopkins CSSE
Chart Exhibiting Swedish Krona, Norwegian Krone Index, Crude Oil Costs – Each day Chart
Crude oil costs chart created utilizing TradingView
STATE OF THE UNION ADDRESS MAY BOLSTER RISK APPETITE
Regardless of the sentiment-sapping nature of the coronavirus outbreak, commodity-linked currencies and Brent could nurse a few of their losses after US President Donald Trump delivers his State of the Union deal with. As highlighted in my outlook on gold prices, the Commander in Chief could allude to expansionary…