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
• Central banks prefer to pause. • The strengthening of the dollar prevented gold from…
Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…
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…
This website uses cookies
