Grassroots Currency Speculation

The recent trouble that the United States was part of and Australia joined in on over the Coronavirus has disturbed the currency markets . The Asian session is showing no clear direction and currencies that were trending have stopped in their tracks and reversed course. It looks like the big players have decided to hit the pause button and just cash in some of their profits. We will have to stay tuned to see what becomes of the dispute between China and Australia. The last thing I heard was that the two countries were trying to work on a diplomatic solution. The market might find some direction later tonight or during the London Session but it looks like The Asian session is taking a cooling off period.  Follow me on Twitter

China has a big problem on their hands and if they do not cooperate with the rest of the world it might cost extra lives as countries race for a vaccine. Not long after the Coronavirus outbreak Chinese scientists loaded the genetic sequence for the virus to a public database. You have to commend them for that. A company by the name of Moderna is using a technique called rapid response platforms to develop the vaccine. Moderna was up 20% today on Nasdaq trading. China Vaccine Coronavirus The Japanese currency JPY has remained strong for the last week.