NZDCHF Is Influenced By Coronavirus

Greetings to all. This is my first post on my new blog and I felt it would be a good topic to discuss a recent trade of mine that took place February 21, 2020 at about 4 A.M. MT4 broker time. The good old Tokyo session or Asian session for newbies. It is a good time because the influence of the news is not as powerful as other times. I am a firm believer in getting a feel for a session in the first few hours. Do not just rush in and trade. I trade manually at the minute. As you well know the Coronavirus is a hot topic around the world and even more so in the Pacific areas. The Reserve Bank of New Zealand said in their monetary policy statement that they do not think the situation in China will go past February as far as the economic implications. I am not so sure about this. The currency that found its way onto my radar was NZDCHF. PM Ardern made a statement about the expected GDP numbers.

So when you put all the facts together about this picture. Knowing what we know about the New Zealand and CHF economy and how they relate to each other you start to get the idea. So I will be watching next week to see if the Coronavirus finds its way to New Zealand in the way of a confirmed case.

How will China handle the Coronavirus geopolitical aspects of the situation ?

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