Daily Alert – Tuesday 21st January 2020: Asia goes risk-off due to coronavirus, will US follow?

Mark Nugent Daily Alert, Jan 2020

Daily Alert – Tuesday 21st January 2020: Asia goes risk-off due to coronavirus, will US follow?

The coronavirus outbreak in Asia has turned markets risk-off as the death toll reaches four and there is evidence of person-to-person transmission. The WHO has called an emergency meeting.

Asian equity indices drop. It will be interesting to see what happens when the US re-opens around 1pm UK-time after yesterday’s holiday.

The drop to the Japan225 plus the strengthening of the JPY is creating a nice long setup. A drop in the S&P500 later today will do the same for that instrument.

Hope to see you tomorrow at the webinar.

VIP Club members can watch the video HERE