As the novel coronavirus continues to devastate communities around the world, we are beginning to see an equally serious and equally devastating impact - that of the economic fallout sure to follow this once-in-a-lifetime health crisis. The disruption to international trade and commerce is not unprecedented, though at this stage there is no knowing how things will end up. The economic uncertainty that follows the COVID-19 outbreak will likely cost the global economy $1 trillion in 2020, the United Nation’s trade and development agency, UNCTAD, said earlier this week, and most economists and analysts are in agreement that a global recession is becoming unavoidable. Forex currency pairs are experiencing swift re-evaluations, equities are struggling, and market volatility is just about all we can depend on right now. At a time like this, people are wondering whether ‘Big Data’ - one of the hottest tech concepts to have been born this decade - will actually be able to provide any certainty to brokers and investors with respect to how to behave in increasingly volatile foreign exchange markets. Forex trading has always been associated with inherent risks and rewards, which is why it pays up big when a win does eventually come ...
Read More on Datafloq
No comments:
Post a Comment