FxPro Daily Insight for January 24

Market overview

China actively fights the spreading of coronavirus, restricting movement from 11 cities. WHO stopped short from calling emergency measures, which is positively perceived by the European markets. The market focus now shifting to PMI indices set to publish today on Euro area, UK and the US. Sensitive to demand for risks currencies — ZAR, TRY, GBP — add to the dollar this morning. Protective — CHF, JPY and Gold — are losing some ground.

Important events (GMT):

08:30 Ge !! Preliminary PMI 09:00 EA !!! Preliminary PMI 09:30 UK !! Preliminary PMI 14:45 US !! Manufacturing PMI