Fx News Spike Signals by Crazy Cat, 2020/03/11

Release Time: 08:30 New York time (EST)
Primary currency pair: USD/JPY
Forecast: 0.0%
Prior: 0.1%
LT1 (Lower Trigger 1): -0.3 [SELL]
UT1 (Upper Trigger 1): +0.3 [BUY]
Safety: 1

The market was very volatile past few days and, in fact, today we had emergency interest rates cut in the UK. The coronavirus is messing up with the global economy, causing a lot of unexpected announcements and other measures that put a lot of companies in financial stress. Perhaps it would be best to wait a few days for the market to calm down and deal with this reality in a more predictable way. It's likely that after the initial overreaction cool heads will prevail.

Based on 77 estimates, the median estimate is 0.0% and the average estimate is 0.0%. The highest estimate is +0.2% (two estimates), and then 0.1% (14 estimates), 0.0% (53 votes), -0.1% (seven estimates), and finally, the lowest estimate is -0.2% (one estimate). One standard deviation is 0.06%, the same as last month.

Forex news history and charts

Go back to the Forex Market News listing

Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.