Coronavirus: What’s going on on financial markets?

Hello everyone,

Here is our today’s point of view “What’s going on on financial markets”?

First of all, we do not agree with those investors: Bill Ackman, David Kostin etc. who telling us, that they turned bullish and in March 2020 was the absolute bottom on the markets.

This week would be very interesting for traders and international investors, because on the main stock indices like DJI30, S&P500, NQ100, DAX30, MDAX50, FTSE100, JP225, HSI50 now we can see the bearish pattern formations. If this bearish patterns have confirmation till the end of this week, than we expect the second move down under the March’s low prices.

Good luck in trading,
Forex Team

Coronavirus: where is the bottom on the markets?

Hello everyone,

Today is the main question for all traders, investors and financial services and those who’d like to buy stocks and other equities “where is the bottom on the markets”?

As for me, it could be possible in the nearest future to reach bottom, if European and American authorities get coronavirus recovery plans with money stimulus and they act quickly to stabilize there economies.

Our team do market monitoring every week and till now we can say, that we do not see the bottom on the markets, it is still all bearish. Check more financial news on Yahoo Finance.

Be healthy,