The following link makes sense to those who believe in fundamentals and keep an eye on it. Fundamentals do not place in short instead are to known when after time markets do act in this or an other way which brings up questions like: Why?
WTO: https://www.wto.org/ It should be a daily read for all traders, even retailers.
Slump in global goods trade to deepen with coronavirus, WTO says:
[LONDON] Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.
The Geneva-based body's latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in November. Readings of 100 indicate growth over the next quarter in line with medium-term trends, while those higher or lower than 100 point to growth above or below the recent trend.
"The slow start could be be dampened further by global health threats and other recent developments in the first few months of the year, which are not yet accounted for in the barometer's best-available historical data," the WTO said in the report.
The volume of world merchandise trade was down 0.2 per cent in the third quarter last year compared with a year earlier, according to the organisation.
"The latest barometer reading provides no indication of a sustained recovery," it said. "Indeed, year-on-year trade growth may fall again in the first quarter of 2020, though official statistics to confirm this will only become available in June."
The full article you will find here: https://www.businesstimes.com.sg/go...ods-trade-to-deepen-with-coronavirus-wto-says
Goods barometer signals further weakening of trade in first quarter of 2020
https://www.wto.org/english/news_e/news20_e/wtoi_17feb20_e.pdf
As told: Fundamentals will not take place in one day and are not the only movers of markets. But they have to be known and can be used as an other, serious tool to analyze and understand market moves, especially when known at which day those information's where released and about which topic they are. Guess you know what I talk about.
Have a nice weekend DP
WTO: https://www.wto.org/ It should be a daily read for all traders, even retailers.
Slump in global goods trade to deepen with coronavirus, WTO says:
[LONDON] Global trade in goods will likely stay weak in coming months as disruptions from coronavirus in China staunch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.
The Geneva-based body's latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in November. Readings of 100 indicate growth over the next quarter in line with medium-term trends, while those higher or lower than 100 point to growth above or below the recent trend.
"The slow start could be be dampened further by global health threats and other recent developments in the first few months of the year, which are not yet accounted for in the barometer's best-available historical data," the WTO said in the report.
The volume of world merchandise trade was down 0.2 per cent in the third quarter last year compared with a year earlier, according to the organisation.
"The latest barometer reading provides no indication of a sustained recovery," it said. "Indeed, year-on-year trade growth may fall again in the first quarter of 2020, though official statistics to confirm this will only become available in June."
The full article you will find here: https://www.businesstimes.com.sg/go...ods-trade-to-deepen-with-coronavirus-wto-says
Goods barometer signals further weakening of trade in first quarter of 2020
https://www.wto.org/english/news_e/news20_e/wtoi_17feb20_e.pdf
As told: Fundamentals will not take place in one day and are not the only movers of markets. But they have to be known and can be used as an other, serious tool to analyze and understand market moves, especially when known at which day those information's where released and about which topic they are. Guess you know what I talk about.
Have a nice weekend DP
