Market Overview

FxPro Daily Insight for January 31

Market overview There is a tug of war on the financial markets between fears of the spread of coronavirus and robust macro and earnings data. Most markets are down a bit, but US indices are above levels 24 hours ago, while Hang Seng continues to look for the bottom. EURUSD gained support after the downtrend under 1.10. At the same time, 81% of our traders trading a pair are in Buy. Today is Brexit’s day, but not much will change for Britain after a formal exit. A couple of weeks ago, GBPUSD briefly became the most popular tool for FxPro traders, but soon regained the leadership of EURUSD, and now it has passed Gold ahead.

Important events (GMT):

01:00 Cn !!! Manufacturing PMI UK !! Brexit Day 10:00 EU !! Consumer Price Index 13:30 Ca !!! Monthly GDP 13:30 US !! Personal Income/Outlays

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