16/03/ · Forex Today: Another Black Monday. Start Trading Now. FX Street Mar 16, | Updated: Mar 16, share. Here is what you need to know on Tuesday, March 17th: It was another Black Monday for Wall Street, with the DJIA down roughly 13%. The Nasdaq shed % and the S&P %. The slump came despite the US Federal Reserve announced late 09/03/ · Forex Today: Sees flash crash on Black Monday amid coronavirus and oil’s 30+% slump. The Asian markets were ravaged by the rapidly spreading coronavirus in Estimated Reading Time: 5 mins 19/10/ · Twenty-eight years ago today, the Dow Jones Industrial Average crashed; a one day loss of points, or %, down to 1, on what is now referred to as Black Monday. It was by far the largest one-day percentage drop in US stock market history
After Black Monday Is Forex Volatility Here to Stay? | Finance Magnates
Although yesterday brought back volatility into the foreign exchange forex markets not seen in years — is it here to black monday forex In fact, low levels of volatility have plagued the FX markets for some time now, with the industry not seeing serious levels of volatility in years. Before the events of yesterday, volatility was picking up in February, with coronavirus being a contributing factor to this, alongside other factors. Because of this, many brokers have been reporting solid, even record trading black monday forex in February.
On the weekend, the coronavirus situation worsened with too many cases and outbreaks to count. This, combined with the current oil war between Saudi Arabia and Russia, which has resulted in falling oil prices, created the huge price swings on Monday.
But can we count on this for the long-term? risk for traders. Wei Qiang Zhang, ATFX UK Managing Director, black monday forex, believes that current heightened volatility will last, at least for a few months. Charalambos Pissouros, the Senior Market Analyst at JFD Group, said to Finance Magnates that this year has the potential black monday forex be more exciting than Generally speaking, though, I do believe that could be a more volatile year thanblack monday forex, providing more trading opportunities.
Historically, black monday forex, the summer months are where FX volatility goes to die, with many people going on holiday during the middle of the year. As Finance Magnates reportedmany trading providers and exchanges experience lower trading volumesespecially in June and July, during the black monday forex lull. But with coronavirus not looking to disappear any time soon, could we avoid a similar downtrend this year? Basically, we have no idea what tomorrow is going to bring.
Pissouros added that he believes that market panic may continue for a few more months, which could offset the summer lull, due to there being no signs that the virus could be contained soon and no vaccine on the horizon. Even with travel bans and domestic-level restrictions, some investors and traders may still opt for summer holidays, even if that means staying at home.
So, black monday forex, net-net, volatility may be higher than last year, but not as high as it is now. Wei Qiang Zhang from ATFX, however, believes the answer to this question is a solid yes.
Looking to the long-term, what type of events will likely keep the FX markets active? According to Denis Golomedov, CMO at RoboForex, coronavirus will keep traders on edge for quite some time.
If global economies, indeed, reflect the decrease in the GDP and other key macroeconomic parameters which is really probablethe indices and assets will slump into a long downtrend. The volatility here will be more of a foe than a friend. When speaking on what we can expect for this year, black monday forex, Pissouros summed it up by saying that is going to be a busy year with coronavirus, Brexit, the Olympics, the United States elections, and more all likely to cause waves in the currency markets.
Last but of course not least, we have the US black monday forex in November, and we all remember how the markets reacted the last time.
Black Monday Documentary
, time: 43:10Black Monday + 28 - Forex Unit
The Week Ahead – UK Celebrates End Of Lockdown Amid Rising Cases. Olympics & The Japanese Economy. Fed, Inflation, And The Housing Bubble 09/03/ · Forex Today: Sees flash crash on Black Monday amid coronavirus and oil’s 30+% slump. The Asian markets were ravaged by the rapidly spreading coronavirus in Estimated Reading Time: 5 mins 22/10/ · HAPPY 20th Aniversary!! Black Monday Post # 1; Quote; First Post: Oct 21, pm Oct 21, pm ; Big Wave Rider
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