OMF Markets Daily Commentary Report

The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.

HEADLINES

* Finally COVID-19 impacts equities as worries over its spread grows
– Two die in Japan and one in Korea as cases tick up in Japan, Singapore etc
– A correction warranted anyway as valuations becoming stretched…..

* Dollar remains immune as AUD hits 11 year low and Kiwi tagging along behind
– Asian currencies weak across the board…..

* Kiwi seems good value down here, but always hard fighting the trend
…