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13.02.202011:32 Forex Analysis & Reviews: Scary news from China unfurled gold

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 13.02.2020 analysis

Chinese authorities have reported a new outbreak of coronavirus infection in Hubei Province, as well as an increase in the number of deaths associated with this virus. According to experts, the number of newly infected in Hubei province has increased to almost 15,000 people.

This outbreak occurred exactly after the Director-General of the World Health Organization, Dr. Tedros Adhanom Ghebreyesus announced "stabilization" of the growth in the number of new infected coronavirus infections in China.

Normally, such news cannot be overlooked by the market.

Yesterday, against the background of the stabilization of the situation with the Chinese epidemic, we recommended selling gold, but at night on the news, gold added in the price:

Exchange Rates 13.02.2020 analysis

We recommend that you refrain from long positions until the evening news on inflation in the USA:

Exchange Rates 13.02.2020 analysis

Success in trading and control the risks!

Andrey Shevchenko
Analytical expert of InstaForex
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