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
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
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