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
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
US CPI went in line with expectations, but this hasn't changed the outlook for the…
The crypto market experienced a slight decline in market capitalisation after a week-long rally. Bitcoin…
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