Subscribe to FX market alerts & news

FX IN QUARANTINE

Everything you need to know about trading during the coronavirus crisis

In the short time since the coronavirus crisis has unfolded, there has already been a tangible impact on the financial markets. On this page we will be providing regular and up-to-date information that might affect your investment, your open positions and, or your overall trading strategy. Keep this page bookmarked.

FX in quarantine

Latest news

This section is extremely important for our active traders. See any market closures here and real-time updates on important market news.

Monday 30 March:

USD takes back the reins as coronavirus fears mount, while oil prices slump.

Friday 27 March:

US and European equity futures drop, while Treasuries pushed higher as investors weigh up strengthening stimulus efforts across the globe.

Thursday 26 March:

US Initial Jobless Claims: A record 3.3 million people filed unemployment claims last week as global outbreak wipes US economy.

Show more

Thursday 26 March:

EURUSD gains nearly 35% of recent sell-off; while markets brace for US jobless claims

Tuesday 24 March:

Gold surges above $1,600 amid the Fed's flooding, upbeat market mood.

Monday 23 March:

UK in Lockdown: In an attempt to fight the coronavirus pandemic, Boris Johnson issues a stay-at-home order.

Monday 23 March:

Fed announces economic relief of up to $300bn in new financing as a last resort lender and buyer. USD falls as a result of the announcement.

Thursday 19 March:

Regulatory ban has been issued on Spanish Index Swaps. ESP35 is now on close only for open positions.

Friday 13 March:

CME suspends its trading floor. Trading continues however low liquidity is cautioned.

Webinar

Is FX in crisis? Ask our professional trader

CORONAVIRUS: How to trade forex during hyper volatility

When: Wednesday 25th March at 1600 GMT

Description: The markets are extremely volatile and behaving in ways that market analysts rarely see. It is a period of great instability that could provide opportunities for great profit and for great loss. Never has it been more important to have a secure trading strategy. Join our professional trader Dapo Bently to take guidance on how to navigate the volatile markets in this upbeat, enjoyable trading seminar.

Facilitator: Dapo Bently is a professional trader who has been sharing his trading knowledge and experience with beginner to advanced traders around the world for nearly 10 years. His upbeat and layman style of relaying complex information makes learning FX easy and fun.

Thought leadership

How industry leaders navigating the crisis?

Manmohan Singh

Manmohan is an entrepreneur, strategist, founder and board member of multiple successful financial companies throughout Asia and Europe.

We asked Manmohan:

1. What has shocked you about the corona crisis?

Manmohan: This is not related to the markets but it’s shocking to see how fragile life is and how fragile we are as humans . Despite all our intellect and greatness , a tiny organism has brought the world and our life’s as we know to a standstill, makes me reflect on what we give our priority to in our everyday rat race . The world been talking about climate change , pollution and etc but hardly anything we did had an impact and I guess Mother Nature said , let me fix it !!! Now we are seeing less pollution , improved social interactions between families and neighbours and we are finally becoming humans again . As for the markets , markets are doing exactly as expected and proves that has humans, we are nothing but a huge herd and herd mentality prevails.

2. How do you anticipate the markets will cope with closures?

Manmohan: In my mind we have not seen the bottom yet , closures will impact the market in ways we have not seen ever before. People are in fear and the ones that run the large hedge funds, banks and etc are no different than us.. they are people and they have same fears as we do … so the market now is fear driven and until there is no clear cure to this virus.. I sense the markets will continue to be reactive as we have seen in the past weeks.. no amount of government interventions are gonna help.. all it will do is buy us time and which in not necessarily a bad thing as time is what we need to get over this curve ball.

3. Who do you see as benefiting from this crisis?

Manmohan: From markets perspective and without singling out any industry, I would say smart investors who understand value investing and long term investing will benefit big coming out of this crisis . Soon it’s gonna be time to pick up a lot of investments at major discounts if you have the patience to wait this out for a while. As for day traders, the winners are gonna be those that have well equipped themselves with knowledge and are able to sustain the volatility of the big swings we have daily and plan their entries into the market while following the overall trend . Reaction without knowledge will hurt traders , so don’t react, keep RISK MANAGEMENT on TOP of your mind as you need to understand it’s a volatile time and if you do the above, I have seen some day traders winning and thriving in the current situation.

4. What advice would you give to market participants?

Manmohan: Stay vigilant of course, make sure if you gonna day trader the markets, you have sufficient margins to sustain the volatility, risk management and protecting equity will be key .. wait and don’t rush , look for good entries and stay in the trend… don’t try to predict the market, no one ever successfully do that for long periods of time… key take always will be, have sufficient equity , take smaller trades to work with equity you have to sustain large volatility, stay with the trend.

Charlotte Day

Creative Director – Contentworks Agency
Charlotte is a senior content marketing strategist responsible for a number of high profile brands under her company Contentworks. A content marketing thought leader, she has 1000+ articles published and frequently speaks at events, podcasts and webinars. Her success lies within her ability to take complex subjects like blockchain and forex and turn them into engaging and educational talking points. Creative Director at www.contentworks.agency

How have financial content providers been impacted by #socialdistancing?

What’s your top tip to partners who use social channels when in quarantine?

What trends are emerging as a result of this crisis?

What advice would you give to FX companies in terms of their message to their clients?

Francesc Riverola

Francesc Riverola is the co-founder and the President of FXStreet. FXStreet is a leading source for reliable news and real-time forex.

Kicking off our ‘FX in Quarantine’ series, we chat to a key player in the inception of the online forex industry, FXStreet’s Founder Francesc Riverola.

Loukas Stylianou - COO | Partner of 120 ADVERTISING

Loukas has 10 years of experience in global marketing with an emphasis in the finance industry. He has held key managerial positions and led the marketing efforts of some of the biggest brokers globally. In 2014 he founded and is currently leading one of the most successful marketing agencies specialising in finance. 120 ADVERTISING, is a boutique-style marketing communications agency, serving brands and brokers globally. Furthermore, Loukas has been an advisory board member of the Nottingham Business School (UK) since 2018.

1. How have agencies to financial services such as 120 been impacted by #socialdistancing?

120 has been built on an online business model. Businesses such as ours, have not been really impacted by social distancing or the work-from-home approach that a lot of companies have been adopting recently due to covid-19.
We have been working fully online and offering our team the work-from-home flexibility since day 1. Therefore we have all the right tools in place to make sure that our performance will not be compromised and ensure that our clients will keep receiving the same service they have been experiencing for the past six years – nothing really changed for us. On a personal level, I have to admit though, I do miss the day-to-day personal interaction with my team.

2. What's your top tip to partners who are trying to find new clients when in quarantine?

Now is the time to bring your business online! That’s crucial in the 21st century. With a vast amount of tools available, now is the time to grow your business. Since the coronavirus first appeared and people are spending more time at home and in front of their computers we are seeing a massive surge in lead registrations and a growth in the acquisition of new traders. Therefore now is the time for all partners to invest in their efforts and make sure they are making the most of the current market conditions. Of course, they need to make sure they are in partnership with a reliable and trustworthy broker. As we said in our of our most recent campaigns, “THE BEAR HAS AWAKEN, so make sure you go ALL IN”. The key takeaway being INVEST, INVEST and INVEST.

3. What is your top tip for clients who want to get up-to-date and reliable information on the markets during this time?

Always cross-reference what you are reading. Never go for one source to make sure the market information you are receiving is accurate. The accuracy of your sources is what will define your success in the forex markets.

4. What kind of message do you believe is important to disseminate on social media during this time?

I'll be repeating what everyone says but I do think it's crucial, #Stayhome. People like nurses, doctors and all medical professionals are out there day by day giving a huge fight risking their health for us! The least we could do for them is stay home and come out of this faster and stronger.
We are lucky enough to be able to work online so let's stay safe and make the most of the opportunities that have now surged.

Clients are advised to ensure they have enough margin in their accounts to weather the storm.

Live Updates

To navigate you through any market turbulence

FAQs

The markets have been behaving in an extremely volatile way and some indices are having to close their trading floors in order to help avoid the spread of the virus. Whilst the markets are volatile, our traders have still been able to trade as usual, bar a few exceptions. We suggest that our traders ensure that their trading accounts have enough margin to weather the storm. Because whilst there is an opportunity for profit to be made, of course, there is also an opportunity for loss.
Our traders are still able to trade as usual. They are advised to check special updates regarding specific market closures, if any, on www.tiomarkets.com/fx-in-quarantine
The markets are particularly volatile during this time and traders are reminded that sudden spikes in the market could lead to great loss. There are two pertinent ways that our traders can protect their investment. Firstly by ensuring that they have enough margin in their accounts in case of any market spikes. This will help to ensure that trades won't automatically be stopped out. Additionally, our clients are recommended to explore the TIOshield trade reversal tool which offers all clients a return of their funds in case the markets move against them. TIOshield is offered as part of our top FX subscription package, the VIP Black.
We strongly recommend that our clients bookmark the page www.tiomarkets.com/fx-in-quarantine, which is our resource for communicating any sudden market changes to our clients. We also include feature snippets from industry leaders regarding how the epidemic is affecting the industry.
Yes, this is available to all clients regardless of account type.
TIOmarkets service continues to operate as usual and our back office team will continue processing withdrawals with no interruptions. In the case that your withdrawal will be processed by bank wire, please note that any delays imposed by your local bank are out of our control. We strongly suggest you liaise directly with your bank in this case.
We continue to offer support 24 hours per day, 5 days per week.
We have created a comprehensive risk mitigation plan which will allow our employees to work remotely, thereby continuing an uninterrupted service to our clients. The plan is publicly available for view via our blog.