At the start of 2020, no one could have predicted a tiny virus to ravage the world's economy like it did. When one thinks of 2020 in the future, it would forever be defined by Coronavirus and how it changed the world.
So, in view of this virus that has so much of impact on our trading, let's take an upcoming snapshot view of the good, the bad and the ugly in terms of Coronavirus:
THE GOOD:
1)US FDA has approved a game changer Covid 19 test.
2) Russia has produced first batch of Coronavirus vaccine over this weekend.
THE BAD:
1) Malaysia has detected a strain of new Coronavirus that is 10 times MORE infectious
2) New 9 confirmed cases in New Zealand and the NZ election is now postponed to Sept 17.
THE UGLY:
1) Japan's economy has recorded its sharpest contraction on record - an evidence of how Coronavirus has a drastic impact on the economy.
2) Victoria in Australia reported 282 new cases of Coronavirus cases and highest daily death toll.
Overall, the world is making a headway in curbing Covid cases, possible vaccine solutions and restarting the economy.
Presenting this to you to show that in every crisis, there is opportunity..and as traders, let's gear up to find the opportunities to make $$ where we can, on a foundation of strong analysis with no emotions affecting our trades. Be positive, always.
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