Stock markets remain under pressure due to fears of the Chinese virus outbreak. Futures on Dow Jones have lost 0.6% this week, while Chinese Hang Seng declined 4.2%. Luxury goods manufacturers (Burberry, LVMH) and airlines companies (Air China, Japan Airlines) received the most blow due to demand concerns.
CHF, JPY add to the dollar on safe-heavens demand. AUD moves against the market after the second consecutive strong employment report, that reduced expectations of new rate cuts. CAD lost 0.8% after BoC comments opened the door to imminent rate cuts.
Important events (GMT):
12:45 EA !!! ECB Interest Rate Decision 13:30 EA !! ECB Press Conference 21:45 NZ !!! Consumer Price Index 23:30 Jp !! Consumer Price Index
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
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