Trader Digest: Coronavirus and Pandemic Bonds. Photo: Macau Photo Agency (Unsplash)

Trader Digest: Coronavirus and Pandemic Bonds

Trader Digest is our handy round-up of the best reading, audio and video content tailored to the interests of traders and those closely watching the markets...

Recent news has been dominated by analysis into the troubling spread of a new strain of coronavirus from China, though to distract ourselves from impending doom we've also checked out IG's list of top ten FX trading books, an insight into penny stocks enigma Tim Sykes, and why high-speed trading firms want their staff to leave the office earlier...

WHAT WE'RE READING

How did Timothy Sykes become a penny stocks trading guru?
"Timothy Sykes has garnered a fair amount of press for his unorthodox trading methodology. As with any ‘disruptive’ force in an otherwise entrenched, rules-based industry, some of the coverage has been positive, some negative. In an attempt to get to the truth, we cut through the hype and focused on the facts." London Loves Business

What are the top 10 forex trading books?
"Discover our analysts’ top 10 forex trading books. With titles covering everything from technical analysis to trading psychology, you’ll find the resources you need to make the most of volatility in 2020 and beyond." IG

Robot Analysts Outwit Humans on Investment Picks, Study Shows
"They beat us at chess and trivia, supplant jobs by the thousands, and are about to be let loose on highways and roads as chauffeurs and couriers" Bloomberg

What’s the best economic indicator for China now? Watch crude oil prices
"China is the world’s largest oil importer, and reduced demand is a signal of an economic slowdown" Marketwatch

Speed Traders Want a Later Start to a Shorter London Trading Day
"While speed trading firms may rely more on computers than human beings, the lobby group for Citadel Securities and Virtu Financial LLC agrees that shortening London’s notoriously early-starting trading day would be better for professionals’ well-being." Bloomberg

WHAT WE'RE LISTENING TO

What the Coronavirus Means for Pandemic Bonds
"Back in 2017, the World Bank issued the world’s first pandemic bonds. The bonds are meant to shift some of the financial risk of a global pandemic on to investors, but they’ve been criticized for having ’triggers’ that are too tough to generate payouts. Now, as the coronavirus outbreak continues to spread, it’s worth looking at how these bonds are structured and what they can tell us about the future of public-private partnerships in finance." Bloomberg Odd Lots Podcast

WHAT WE'RE WATCHING