But despite the fact that the actual mortality rate of Coronavirus thus far is only 2%, people around the world are holing up and avoiding contact like something from one of these movies. Flights canceled, stores closed, and public events cancelled – all en masse.
So what can we garner from this from an investment standpoint? Let’s take a look at an example in the forex market:
USD/SGD (US Dollar/Singapore Dollar) – One week period of Jan. 23 – 31, 2020
USD/SGD (US Dollar/Singapore Dollar) – Three month period of Nov. 1, 2019 – Jan. 31, 2020
Notice that the USD/SGD pairing has had roughly the same trading range over the past three months as in just this one week alone! The question to ask is: was there any fundamental change to the underlying economics of these two countries in just one week or is the Singapore Dollar merely being sold off due to its close proximity to China?
These are the kind of opportunities we can uncover for you. At Canadian Wealth Strategies, we make it our 24/7 365 mission to monitor, analyze and create profit opportunities for you based on both fundamental economic analysis as well as event driven movements in the forex market.
Reach out today to discuss how we can help you boost your portfolio returns. Qualification factors may apply.
Risk Disclaimer: All investments involve risk. You should carefully evaluate any investment and the associated risks to determine whether it is suitable for your individual situation. Canadian Wealth Strategies does not and cannot under any circumstance provide tax, legal or accounting advice. The material on this website and associated social media accounts have been prepared for informational purposes only and should not be relied upon in any way for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors if you are unclear in any way. Price fluctuations in the forex market are normal and to be expected, sometimes dramatically. We have taken every reasonable precaution to mitigate against these risks and those measures are laid out plainly in our investment guide and/or in associated documents we designate. However, there may be additional risks which we could not know or reasonably foresee. All reviews are the express opinion of the individuals that wrote them and do not necessarily reflect the views and opinions of Canadian Wealth Strategies. Do not assume you can achieve the same or similar results. Past results do not in any way determine future performance. This is not a guaranteed investment. If you feel unqualified to assess the risk of this investment, we recommend you consult a professional.
This blog is a matter of opinion by the author and does in no way promise, guarantee, or hold CWS to any future predictions that may or may not have been presented. This is not meant to be take as financial advice.