The World Economical Situation.

[Vinny64]

US Economical Situation
U.S. stocks had ended slightly lower on Tuesday after a rally throughout the day. Through Tuesday, the S&P 500 is up nearly 19 percent from its March 23 low. It’s still more than 21 percent below its high, reached on Feb. 19.

Moreover, There are three important questions that, we need to know and need to be answered about U.S. financial stabilization policies in today’s financial and economic situation. Where do financial stabilization policies fit into the overall set of policy responses? What has been done so far? And what more needs to be done? And, to be clear, financial stabilization policies include monetary policy, emergency liquidity policies, and financial stability, or macro-prudential, policies.
Another Economy
Moreover, France's CAC 40 index dropped 1.5% to 4,371 after the national central bank said the economy was in recession and was estimated to have contracted by 6% in the first quarter. Germany's DAX slipped 0.9% to 10,265 and Britain's FTSE 100 shed 1.2% to 5,638. U.S. shares appeared set for small gains, with the futures for the Dow industrials and the S&P 500 up 0.5%.

The situations of the china
The Chinese city at the heart of the global pandemic, Wuhan, reopened Wednesday after 76 days in lockdown. Elsewhere, the economic, political and psychological toll of fighting the new coronavirus grew increasingly clear and more difficult to bear.

 

[Beast45]

Now the world economy is really going through hard times.

I agree on that and it is going to take a very long time to bring it back to normal.

 

[Latty12]

Now the world economy is really going through hard times.

Sadly yes.

 

[marcela 2020]

According to the UN, the economy could shrink by 3.2% due to the pandemic and led to great resection after the major depreciation. What do you think?

 

[James turtle]

Now in the whole world the economic situation is not the most pleasant. Yes, time is difficult, but not forever.

No one can escape the reality. But yes, this too shall pass.

 

[Beast45]

Based on the latest news, we can say that the situation is indeed being gradually equalized.

Yes! Hope things become okay soon

 

[Pat494]

The Rothchilds, Buffet and the switched on crowd will have been out of the markets in Jan/Feb and are already back in again I expect.
Same ole story of winners and losers. I hope you guys made some money out of the virus nonsense.

 

[chartmans]

Due to this pandemic, the world's economy has been affected so much and is going through a very hard time. It will take a long way to go back to normal conditions and stand up again. But it is really important to be united at this time and follow all the rules so as to stabilise the economy. Due to all this, the forex market is so volatile and uncertain. Hope things become normal soon.

 

[tomorton]

Due to this pandemic, the world's economy has been affected so much and is going through a very hard time. It will take a long way to go back to normal conditions and stand up again. But it is really important to be united at this time and follow all the rules so as to stabilise the economy. Due to all this, the forex market is so volatile and uncertain. Hope things become normal soon.

I believe you're right, which notionally makes sense - how the heck can the world be going through a major business lockdown and an economic crisis with no impact on "normal" forex price behaviour?

But how to quantify this is tricky. Apart from anything else, there's not universal agreement on what is a trend. Or how to gauge and measure "normal" market conditions.

To get some handle on this I have looked at the last 13 weeks' bars in comparison with the 50EMA and the 200EMA. Ordinarily, it might be expected that most weekly bars opening above the EMA would rise, and most weekly bars opening below the EMA would fall. At worst the ratio should be 50:50, if price behaviour were fully random.

In fact, across the 28 important pairs over the last 13 weeks, only 45% of weekly bars followed this guideline in comparison with the 50EMA, and only 44% relating to the 200EMA. So it follows that the majority of pairs are moving counter to what TA would tell us in this context. Not a great time to be trying to develop forex trading skills.

 

[tomorton]

PS: For the same 13 weeks period last year, the percentage of weekly bars that followed the 50EMA was dead-on 50%.

 

[Pat494]

Looking at the abilities of the current world leadership I would say we are in trouble.