TECHNICAL ANALYSIS | February 13, 2020
Event Driven Trades
Coronaviruses are a family of viruses that can cause diseases in animals, including humans, and birds. Common human coronaviruses usually cause illnesses like the common cold, which most people would have had at some point in their lives. Sometimes, a strain of the coronavirus will mutate causing more severe symptoms in some people. This happened with the Middle East Respiratory Syndrome-related coronavirus (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). Recently, Chinese authorities detected a new outbreak of the coronavirus which has been labelled 2019-nCoV. While this virus is in the same family as the SARS virus, scientists have said it appears to be a new disease. Ground zero appears to be the Chinese city of Wuhan, a sprawling city with a population of about 12 million people. To contain the spread of the virus while the race for a vaccine accelerates, Chinese authorities have shut down transit going into and out of the city.
by Stella Osoba, CMT
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