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
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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