Market overview
The spreading China coronavirus take tall on the markets. On Monday morning, Brent Crude Oil has updated October lows on fears of falling demand due to the economic slowdown. There is an increased demand for protective assets (US, Japan government bonds), as well as safe-heaven currencies (dollar, yen).
Important events (GMT): 09:00 Ge !! Ifo Business Climate 14:30 US ! FOMC Member Williams Speaks 15:00 US !! New Home Sales
• 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…
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