هشدار ریسک: CFDs ابزارهای پیچیده ای هستند و به دلیل داشتن لوریج بالا، ریسک بالایی هم برای از دست دادن سریع پول دارند.81% از خرده سرمایه گذاران پول خود را در معاملات CFD با این ارائه دهنده از دست می دهند. شما باید در نظر بگیرید که چگونگی کار با CFD ها را درک کنید و توان تحمل ریسک بالای ضرر کردن را داشته باشید.
هشدار ریسک: CFDs ابزارهای پیچیده ای هستند و به دلیل داشتن لوریج بالا، ریسک بالایی هم برای از دست دادن سریع پول دارند.81% از خرده سرمایه گذاران پول خود را در معاملات CFD با این ارائه دهنده از دست می دهند. شما باید در نظر بگیرید که چگونگی کار با CFD ها را درک کنید و توان تحمل ریسک بالای ضرر کردن را داشته باشید.

خط زمانی اخبار فارکس

سه‌شنبه، 25 فوریه، 2020

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, looks directionless in the lower bound of the recent range

DXY looks stabilized in the 99.30 region on Tuesday.Renewed coronavirus fears keep dominating the global mood.S&P/Case-Shiller index, CB’s Consumer Confidence in the limelight.The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, looks directionless in the lower bound of the recent range near 99.30. US Dollar Index focused on coronavirus, risk trends The index alternates gains with losses in the 99.30 region amidst the generalized lack of direction on Tuesday. As always, developments from the COVID-19 continues to rule the investors’ sentiment, particularly after latest headlines highlighted that infected cases remain on the rise outside China. In the US, Cleveland Fed L.Mester (voter, hawkish) gave an upbeat assessment of the economy at the NABE Conference on Monday back by consumer spending and the solid labour market. Mester also warned that the recent outbreak of the Wuhan coronavirus is a threat to the domestic economy, although the current monetary policy stance is expected to remain unchanged. In the US data space, house prices measured by the S&P/Case-Shiller Index are due seconded by the more relevant gauge of the Consumer Confidence by the Conference Board. Later, FOMC’s R.Clarida (permanent voter, dovish) will speak at the NABE Conference. What to look for around USD The index keeps correcting lower this week after the upside run out of steam in the vicinity of the triple-digit barrier last week. The greenback, in the meantime, has come under renewed downside pressure on fresh COVID-19 concerns and declining US yields, which are expected to remain as key drivers of the price action in the global markets. Further out, the outlook on the dollar remains constructive and bolstered by the current “appropriate” monetary stance from the Fed (once again confirmed at the FOMC minutes on Wednesday) vs. the broad-based dovish view from its G10 peers, the “good shape” of the domestic economy, the buck’s safe haven appeal and its status of “global reserve currency”. US Dollar Index relevant levels At the moment, the index is gaining 0.01% at 99.31 and a breakout of 99.91 (2020 high Feb.20) would aim for 100.00 (psychological barrier) and finally 101.34 (monthly high Apr.10 2017). On the flip side, immediate contention emerges at 99.11 (weekly low Feb.24) seconded by 99.09 (23.6% Fibo retracement of the 2020 rally) and then 98.54 (monthly high Nov.29 2019).

The Goldman Sachs analysts revised down its economic growth forecasts for both Australia’s and New Zealand’s economy. Key projections Sees Q1 2020 at

The Goldman Sachs analysts revised down its economic growth forecasts for both Australia’s and New Zealand’s economy. Key projections Sees Q1 2020 at -0.3% QoQ. Australia’s 2020 GDP projected at 2.1% vs. 2.4% previous. Sees New Zealand’s GDP at -0.1% in Q1 and 2.3% for 2020 vs. 2.5% previous forecast.

According to the South China Morning Post (SCMP), 29 of 42 Apple stores in China are re-opening but most of these locations are still operating on sho

According to the South China Morning Post (SCMP), 29 of 42 Apple stores in China are re-opening but most of these locations are still operating on shortened hours. Apple Chief Executive Officer Tim Cook told employees last week that retail locations in China were “starting to reopen, but we are experiencing a slower return to normal conditions than we had anticipated.” “Apple’s retail footprint in China is critical to the company’s sales. The store closures were one of two main reasons for Apple saying it would not meet its revenue target of at least US$63 billion in the current quarter ending in March”, per SCMP. Market implications The positive news failed to lift the sentiment around the Asian stocks, as the reports of the coronavirus spread globally remains a weight. The risk sentiment, however, is seen stabilizing so far this Tuesday, helped by a bounce in the US equity futures and Treasury yields. USD/JPY is off the highs and trades around 110.80 amid over a 3% drop in the Japanese equities. Meanwhile, the Vietnamese Health Ministry reported that all 16 confirmed cases of coronavirus cured, adding that no new cases are found since Feb. 13th. Thailand reported two New coronavirus cases, bringing the count to 37 on Tuesday.

USD/CHF registers fewer moves while trading around 0.9790 during the pre-European session on Tuesday. The daily chart forms a bearish candlestick patt

USD/CHF snaps two-day losing streak.Bearish candlestick formation, sustained trading below 200-day SMA favor further selling.Bullish MACD, 50-day SMA question the bears.USD/CHF registers fewer moves while trading around 0.9790 during the pre-European session on Tuesday. The daily chart forms a bearish candlestick pattern but bullish MACD and 50-day SMA could limit further declines. That said, the bears will be more powerful to aim for 0.9700 if breaking a 50-day SMA level of 0.9740 on a daily closing basis. During the quote’s further declines below 0.9700, the month-start top near 0.9670 and the January month bottom surrounding 0.9612 can offer intermediate halts to 0.9600 round-figure. Alternatively, the pair’s rise beyond Monday’s top of 0.9816 negates the bearish candlestick formation, which in turn could trigger the quote’s recovery targeting a 200-day SMA level of 0.9854. USD/CHF daily chart Trend: Sideways

EUR/USD clings to the recent recovery gains above 1.0850, as we progress towards the European opening bells, as the dollar bulls remain on the back se

EUR/USD’s recovery mode intact for the fourth straight session. Corrective bounce remains at the mercy of coronavirus-led risk trends. Markets await German GDP and US CB Consumer Confidence data for fresh impetus. EUR/USD clings to the recent recovery gains above 1.0850, as we progress towards the European opening bells, as the dollar bulls remain on the back seat after a wild ride seen on Monday. Coronavirus grips Italy, could likely keep EUR undermined Despite the upside attempts seen in the shared currency, EUR/USD’s corrective advances from a 34-month low of 1.0777 are likely to remain limited as markets believe that the coronavirus outbreak in Italy is likely to throw Eurozone’s third-largest economy back into recession. The fast-spreading coronavirus broke outside China over the weekend, claiming six deaths in Italy while more than 220 confirmed cases have been reported, with a majority in Northern Italy. The government asked 10 towns to be quarantined. Meanwhile, the US dollar could likely continue benefiting from the increased haven demand should the coronavirus contagion risk mount. Also, the economic divergence between the US and Eurozone also remains in favor of the greenback, as growing German recession fears ramped up ECB Summer rate cut bets to almost 50%. However, if the risk recovery extends into Europe, the US dollar could see a further correction, in turn adding to the upside in the spot. The bulls need a sustained break above 1.0870 for the recovery to gain momentum towards the 1.0900 level. Markets will remain focussed on the coronavirus-related developments, especially in Italy, for fresh EUR/USD trades. In the meantime, the German Final GDP data will be eyed ahead of the key US Conference Board Consumer Confidence due later in the NA session.   EUR/USD Technical levels to consider “In the 4-hour chart, the pair found support around a mild-bullish 20 SMA, while technical indicators have bounced from their midlines, maintaining their upward slopes and near their daily highs. The 100 SMA has extended its decline, approaching the 38.2% retracement of the mentioned decline at 1.0900. The pair would need to advance beyond this last to gain bullish traction, quite unlikely in the current risk-averse scenario. Support levels: 1.0770 1.0725 1.0690. Resistance levels: 1.0860 1.0900 1.0930,” FXStreet’s Chief Analyst, Valeria Bednarik, noted.      

GBP/USD manages to recover 0.10% to 1.2940 while heading into the London open on Tuesday. While the coronavirus (COVID-19) headlines could be consider

GBP/USD fails to hold onto the previous day’s losses.The EU is set to agree on the mandate for post-Brexit trade talks, the UK will present theirs on Thursday.Traders pay a little heed to the domestic politics amid broad risk reset on coronavirus headlines.GBP/USD manages to recover 0.10% to 1.2940 while heading into the London open on Tuesday. While the coronavirus (COVID-19) headlines could be considered as backing the latest pullback, traders await the EU’s mandate for post-Brexit trade talks, up for signing by 27 members during today, for fresh impulse. As per the BBC, all the 27 members of the European Union (EU) are set to agree on the bloc’s mandate for the key trade talks with the UK. However, those are less likely to recede tension as The Guardian spreads the news that the region is likely to propose penalties if Britain refuses to follow the Brussels’ rules. The EU’s Brexit negotiator Michel Barnier has stated multiple times that the bloc won’t respect the Canada-style deal with the UK that Tories are looking for. However, fisheries are the main weapon that British PM Boris Johnson’s team could use. Also on the Brexit lines are the concerns over the border checks between the UK and Northern Ireland. Clues that the British government is secretly preparing to avoid checks at the Northern Sea recently pushed the Irish leader to reiterate warnings to the UK PM &Company. Elsewhere, talks surrounding the UK’s Home Secretary Priti Patel and her immigration proposals keep trying to weigh on the British pound but failed. The reason could be found in the US dollar’s pullback amid receding safe-haven demand. During the early Asian session, declines in the coronavirus-led death toll from China triggered risk reset.  The optimism got a boost from the Global Times’ headlines suggesting Tianjin University has successfully developed an oral vaccine to counter the COVID-19. Traders will now keep eyes on the Brexit headlines as there is still a lack of clarity over the EU’s “level playing field”. Also important to the markets will the US data and coronavirus headlines. Technical Analysis A one-week-old falling trend line at 1.2952 and another one declining from January 31, near 1.2985, hold the key to the pair’s run-up towards a 200-bar SMA level of 1.3013. On the contrary, a three-day-long rising trend line near 1.2900 acts as the immediate support ahead of the monthly low of 1.2849.

Japan Coincident Index below forecasts (94.7) in December: Actual (94.1)

Japan Leading Economic Index meets forecasts (91.6) in December

US President Trump’s request for coronavirus response funding is "completely inadequate to the scale of this emergency", House Speaker Nancy Pelosi s

US President Trump’s request for coronavirus response funding is "completely inadequate to the scale of this emergency", House Speaker Nancy Pelosi said on Tuesday. Additional quotes President’s request for coronavirus response funding is long overdue. House will swiftly advance strong, strategic funding package that fully addresses scale and seriousness of this public health crisis.

USD/INR pulls back from early-January high to 71.84, -0.29%, as the Indian markets open for Tuesday’s trading. The pair recently declined amid risk re

USD/INR drops from seven-week top, snaps five-day winning streak.Upbeat headlines/statistics from China manage to trigger risk reset.Eyes on the US data, coronavirus headlines for now.USD/INR pulls back from early-January high to 71.84, -0.29%, as the Indian markets open for Tuesday’s trading. The pair recently declined amid risk reset as odds increased that a cure to China’s coronavirus is available. Also contributing to the pair’s weakness are the latest numbers from mainland China and Hubei. During the early Asian session, the receding death toll due to coronavirus (COVID-19) in mainland China and Hubei favored the risk reset. The move recently got a boost from the Global Times news that China’s Tianjin University has successfully developed an oral vaccine to counter the COVID-19. Also supporting the risk recovery could be the headlines suggesting more cases of recovery from Australia and China. Furthermore, the US President Donald Trump’s visit to India is also positively linked to the Indian Rupee’s (INR) strength amid the Indian government’s expectations that achieving a $5 trillion economy by 2024-25 sounds "too idealistic". While portraying the trade sentiment, the US 10-year treasury yields recover 1.7 basis points (bps) to 1.394% whereas stocks in Asian also catch a breath after witnessing the sea of red the previous day. Looking forward, traders will keep eyes on the coronavirus updates for fresh impulse while also waiting for the US data concerning housing markets, manufacturing and consumer confidence. “We expect consumer confidence to maintain its upward momentum in Feb, advancing to 135 from 131.6 in Jan as still-solid labor market fundamentals are likely to continue supporting sentiment. Separately, the consensus is looking for the Richmond Fed manufacturing index to give back some of its recent gains by declining 10pts to 10 in February (published at 10: 00 AM NY). Note that the Richmond index is notoriously volatile and the Jan reading was especially strong: the 20 reading was up from -5 in December,” said TD Securities. Technical Analysis Not only a downward sloping trend line from September 2019, at 72.58, but the year 2019 top near 72.63 will also be a tough nut to crack for the buyers if at all they manage to cross Monday’s high of 72.38. That said, the early-month high near 71.65 seems to return to the chart.

China’s National Health Commission (NHC) offer some conciliatory comments, stating that they will continue to take strictest control and prevention me

China’s National Health Commission (NHC) offer some conciliatory comments, stating that they will continue to take strictest control and prevention measures in Hubei province. The Commission added that they will strictly control outbound movement of people in Wuhan and other cities with existing traffic controls.

Japanese PM Abe told Reuters on Tuesday that Japan is ready to take stronger steps to fight coronavirus in regions that have seen cluster infections.

Japanese PM Abe told Reuters on Tuesday that Japan is ready to take stronger steps to fight coronavirus in regions that have seen cluster infections.   more to come ....

Gold recovers most of the early-day losses while trading around $1,658, -0.10%, while heading into the European session on Tuesday. Even so, it needs

Gold prices pull back from multi-year high amid overbought RSI.An ascending trend line from September 2019, 21-day SMA offer nearby supports.Bulls will target the year 2013 top, $1700 during the fresh run-up.Gold recovers most of the early-day losses while trading around $1,658, -0.10%, while heading into the European session on Tuesday. Even so, it needs to cross Monday’s high for the fresh rise. If the yellow metal manages to ignore overbought RSI conditions beyond $1,690, the high of 2013 near $1696 as well as $1,700 will be on the bulls’ radar. It should, however, be noted that the commodity’s rise past-$1,700 can take aim at highs marked during November and October 2012, respectively near $1,751 and $1,794. Alternatively, the metal’s declines below the stated resistance-turned-support, at $1,633 now, can recall March 2013 top near $1,617 and $1,600 mark ahead of pushing the bears to 21-day SMA near $1,590. Gold daily chart Trend: Bullish

According to a survey of 26 analysts conducted by Reuters, a majority of them believe that the Bank of Korea (BOK), South Korea’s central bank, is lik

According to a survey of 26 analysts conducted by Reuters, a majority of them believe that the Bank of Korea (BOK), South Korea’s central bank, is likely to slash the key interest rate to a record low this Thursday, in an effort to counter the negative economic impact of the infectious coronavirus outbreak. Key findings Sixteen of 26 analysts surveyed by Reuters predicted the Bank of Korea’s (BOK) seven-member board would cut the policy rate to 1.00% at its February meeting in a pre-emptive move. Another four analysts expect the central bank to cut rates at least by May. In January, only six of 29 analysts saw a cut in February after the central bank struck a more upbeat tone at its last policy meeting due to improving trade conditions and a resilient domestic environment. Economists are concerned the virus outbreak will hit economic growth in both the first and second quarters. KRW closes Monday’s bearish gap The Korean won (KRW) has staged a solid comeback on Tuesday against the greenback, as USD/KRW slumps 0.60% to 1,209.03, closing Monday’s bullish opening gap. Despite the rebound in KRW, the market sentiment remains tepid, as the South reported 60 new cases of the coronavirus today, increasing the total number of infected patients in the country to 893. The death toll rose to 9.

The Wall Street Journal (WSJ) is out with their opinion piece on the report from the World Health Organization (WHO), which suggested that number of n

The Wall Street Journal (WSJ) is out with their opinion piece on the report from the World Health Organization (WHO), which suggested that number of new cases in China declined, but it wasn’t clear whether outbreak can be stopped from spreading globally.   More to come …

Markets are seeing a bit of a risk recovery after Monday’s blood bath across the financial markets, as the fast-spreading coronavirus reared its ugly

Risk-reset in the offing amid rebound in S&P 500 futures and Treasury yields? Safe-havens: Gold, yen and dollar correct after Monday’s upsurge. Asian markets still in the red amid an increase in China’s new coronavirus cases. Markets are seeing a bit of a risk recovery after Monday’s blood bath across the financial markets, as the fast-spreading coronavirus reared its ugly head outside China, in Italy, South Korea and Iran and prompted a massive flight to safety. Italy reported 7 deaths while the government moved to quarantine at least 10 towns.  So far this Tuesday, the US equity index futures are on a road to recovery along with the US Treasury yields. Gold is extending its correction from a seven-year high despite the losses in the Asian equity markets, as the latest data from China showed that the number of new coronavirus cases picked up pace just as the death toll decreased. At press time, the futures on the S&P 500 are up 0.86% or 28 points, while Australia's ASX 200 and Japan’s Nikkei 225 are shedding 1.18% and 3.05%, respectively. South Korea's Kospi, however, rebounds 0.70% while the Shanghai Composite Index loses nearly 1%.   Gold is currently trading at $1,655 per Oz, reporting a 0.3% loss on the day, having hit a seven-year high of $1,689.40 a day before. Meanwhile, the US benchmark 10-year Treasury yields are jumping nearly 2% to trade at 1.402%. The 10-year rate on the US Treasuries fell 11 basis points to 1.37%, almost within touching distance of the historic low of 1.32% it reached in 2016 after the UK’s Brexit vote. Oil prices are on a tepid recovery after diving 5% on Monday, in response to rising oil demand concerns amid coronavirus contagion. Within the currency markets, most majors are on a recovery or profit-taking spree after the sell-off, as the US dollar eases from multi-year tops across its major peers. USD/JPY gains 0.20% to trade just shy of the 111 level while AUD/USD looks to close Monday’s bearish opening gap near 0.6722, up 0.28% so far. The Kiwi also jumps in tandem and regain the 0.6350 level. The Chinese yuan is up 0.25% vs. the greenback, hovering around 7.0111, at the time of writing. Among the European currencies, EUR/USD is seen extending gains above the 1.0850 barrier while Cable trades better bid above 1.2900.

A senior Bank of Japan (BOJ) official said on Tuesday, the Japanese central bank will take appropriate steps as needed by looking at the impact of fx

A senior Bank of Japan (BOJ) official said on Tuesday, the Japanese central bank will take appropriate steps as needed by looking at the impact of fx moves on Japan’s economy and long-term price trend. Additional quotes: BOJ does not guide monetary policy to influence fx market. BOJ will carefully watch market moves, including fx.BOJ is not targeting yen with monetary policy. Market implication: The comments have virtually no impact on the yen markets, as USD/JPY remains driven by the broader market sentiment. The risk recovery is seen as the main theme so far this Tuesday following Monday’s bloodbath across the financial markets amid rising coronavirus deaths in Italy, South Korea and Iran. With a bounce in the US Treasury yields, USD/JPY is looking to regain the 111 level, currently trading at 110.87, up 0.16% on the day.

EUR/USD remains mildly positive, +0.08%, while taking rounds to 1.0860 during the early Tuesday. The pair continues its run-up beyond 10-day SMA while

EUR/USD registers a three-day winning streak.MACD turns positive for the first time in seven weeks.10-day SMA holds the key to the monthly low.EUR/USD remains mildly positive, +0.08%, while taking rounds to 1.0860 during the early Tuesday. The pair continues its run-up beyond 10-day SMA while bullish MACD after multiple days also favor the odds of further recovery. In doing so, the 21-day SMA level of 1.0922 can lure the short-term buyers if the quote manages to stay strong beyond 1.0900 round-figure. If the upside momentum prevails past-1.0922, a downward sloping trend line from January 16 and the previous month bottom surrounding 1.0985/90 could challenge the buyers. On the contrary, the pair’s daily closing below the 10-day SMA level of 1.0835 can avail 1.0800 as an intermediate halt before revising the monthly low surrounding 1.0780. EUR/USD daily chart Trend: Recovery expected

GBP/USD rises 0.11% to 1.2942 by the press time of early Tuesday. The pair retraces the previous day’s losses while heading towards the near-term key

GBP/USD consolidates losses while heading towards the short-term resistance line.200-bar SMA, another falling trend line resistance also challenge the buyers.November month low remains on the bears’ radars.GBP/USD rises 0.11% to 1.2942 by the press time of early Tuesday. The pair retraces the previous day’s losses while heading towards the near-term key resistances. Though, a higher number of the upside barriers will challenge the optimists. Among them, a one-week-old falling trend line at 1.2952 and another one declining from January 31, near 1.2985, hold the key to the pair’s run-up towards 200-bar SMA level of 1.3013. Should there be a further increase in the GBP/USD pair’s prices beyond 1.3013, 50% and 61.8% Fibonacci retracements of its declines between January 31 and February 20, respectively around 1.3030 and 1.3070, will question the buyers. On the downside, a three-day-long rising trend line near 1.2900 acts as the immediate support, a break of which could drag the quote towards the monthly low of 1.2849. Assuming the pair’s sustained declines below 1.2849, lows marked during the November month near 1.2820 and 1.2770 can lure the sellers. GBP/USD four-hour chart Trend: Bearish

Australian Prime Minister (PM) Scott Morrison was on the wires in the last minutes, via Reuters, noting that all of the 15 Australian cases of coronav

Australian Prime Minister (PM) Scott Morrison was on the wires in the last minutes, via Reuters, noting that all of the 15 Australian cases of coronavirus linked to Wuhan have now been treated and patients discharged. He said that the seven cases from the Diamond Princess remain, but all are considered mild. "This is not like a global financial crisis. This is a global health crisis," Morrison added. Australian Treasurer Frydenberg also spoke alongside, citing that the "economic impacts have been significant."

The Global Times says that Tianjin University has successfully developed an oral vaccine to protect against CODV 19. Huang Jinhai, the professor who l

The Global Times says that Tianjin University has successfully developed an oral vaccine to protect against CODV 19. Huang Jinhai, the professor who led the project, has taken four doses without any side effects. The team is now looking for partners to promote clinical trials.   More to come...

USD/JPY recovers 0.23% to 111.00 amid the initial trading hours of Tokyo open on Tuesday. The yen pair benefited from the upbeat Japan data as well as

USD/JPY recovers from the four-day low, S&P 500 Futures rise 1.0%.Recent coronavirus updates favor risk reset.The economic calendar regains its importance but COVID-19 will keep the driver’s seat.USD/JPY recovers 0.23% to 111.00 amid the initial trading hours of Tokyo open on Tuesday. The yen pair benefited from the upbeat Japan data as well as welcome coronavirus updates. Magnifying the market reaction to the risk reset could be the return of Japanese traders from Monday’s holiday due to the Emperor’s Birthday. China’s coronavirus numbers join upbeat comments from the US As per the latest statistics, the death toll in mainland China and the epicenter Hubei both declined on February 24 from the previous day. This justifies the Chinese government’s scaling back of warning levels in many provinces. Also cutting the fears are the statements from US President Donald Trump and the Federal Reserve Cleveland President Loretta Mester that do not consider coronavirus as a major risk. Even so, the updates from South Korea and comments from businesses like Mastercard and United Airlines keep the risk recovery under check. Additionally, the US CDC warning to travelers of South Korea and dumping the US-South Korea military exercises, for now, question the optimism. That said, the US 10-year treasury yields recovery from a three-year low to 1.41% whereas the S&P 500 Futures rise 1.0% to 3,257% by the press time. It’s worth mentioning that the rise in Japan’s January month Corporate Service Price Index to 2.3% from 2.1% expected failed to gain any market attention. Moving on, Japan’s Coincident Index and Leading Economic Index figures for December will precede the US data concerning housing, manufacturing and consumer sentiment. While the recent risk reset is likely to take clues from China, South Korea, Italy and Iran still flash red signals and portray the spread of coronavirus outside Beijing. Technical Analysis The lows marked on Friday, around 110.85 and 111.15, limit the pair’s immediate upside while a fresh decline below a short-term rising trend line since February 03, around 110.30/25 now, could recall the bears.

The latest Roy Morgan Snap SMS Survey of 1,170 Australian businesses conducted in mid-February showed that about 17% of them have already been affecte

The latest Roy Morgan Snap SMS Survey of 1,170 Australian businesses conducted in mid-February showed that about 17% of them have already been affected by the coronavirus outbreak. Key findings: Around two-fifths of Manufacturers are already reporting being affected. A third of education and training businesses and those in the Wholesale industry.       Other industries to already be feeling the effects of the coronavirus include Accommodation and Food services which includes travel and tourism businesses, Community services, Administrative & Support services and Property & Business services. Responses fell into a few broad categories including: The issue of workers, or students, being quarantined and kept away from work/study;  The impact on supply lines for the import or export of goods and parts to and from China;  The decline in forward bookings from Chinese tourists and cancellations by customers in Asia.  As well as the general hit to confidence which includes a weaker stock-market.  As well as lower foot traffic in stores due to a combination of the aforementioned. AUD/USD Price Analysis: Major correction on the cards according to momentum divergence

AUD/JPY bounces off three-week low to 73.30, +0.28%, during the early hour of the Tokyo open.

AUD/JPY recovers amid risk reset as China’s coronavirus numbers join the latest risk-positive headlines.Upbeat data from Japan, the return of Tokyo traders after the long weekend add to the pair’s strength.Additional details from Japan, coronavirus headlines will be the key.AUD/JPY bounces off three-week low to 73.30, +0.28%, during the early hour of the Tokyo open. The pair recently benefited from the risk reset while the return of the Japanese traders after the Emperor’s Birthday also contributed to the pair’s recovery. On their return from Monday’s holiday, Japanese traders initially cheered better than forecast 2.1% to 2.3% figures of the Corporate Service Price Index for December month. However, the major boost came from the coronavirus (COVID-19) news that recently started challenging the previous risk-off. The latest coronavirus figures from China suggest the death toll receding from 150 on February 23 to 71 by the end of February 24 whereas the new confirmed cases grew from 409 to 508 during the same period. The epicenter Hubei also follows the suit with a decline in deaths to 68 from 149 prior compared to 499 new cases against 398 previous readouts. Also challenging the previous risk-off could be the US President Donald Trump’s mildly positive outlook, as far as the COVID-19 is concerned, as well as upbeat comments from the Federal Reserve Cleveland President Loretta Mester. Furthermore, Japanese Finance Minister Taro Aso mentioned that he still doesn’t consider additional stimulus to respond to the Chinese epidemic. While portraying the risk reset, the US 10-year treasury yields recover three basis points (bps) from its three-year low to 1.41% whereas Japan’s NIKKEI also tame early-day losses to -3.0%. Investors will now pay close attention to how Japanese traders react to the coronavirus updates as well as the second-tier activity gauges from Japan. Technical Analysis Unless breaking 200-day SMA and an ascending trend line from September 2019, respectively around 74.20 and 74.75, prices are less likely to avoid visiting a rising support line from October around 72.60.  

PBOC fixes usdcny reference rate at 7.0232 (prev fix 7.0246 ; prev close 7.0276). PBoC Keeps Neutral Position In Open Market Operations.

PBOC fixes usdcny reference rate at 7.0232 (prev fix 7.0246 ; prev close 7.0276). PBoC Keeps Neutral Position In Open Market Operations.

Korea confirms 60 more coronavirus cases, Taking total to 893 ... More to come....

Korea confirms 60 more coronavirus cases, taking total to 893 ...  More to come....

WTI recovers 0.70% to $51.67 during the Asian session on Tuesday. That said, black gold recently bounced off the monthly support line and is currently

WTI bounces off the two-week low.The monthly rising support line restricts immediate declines.23.6% Fibonacci retracement adds to the resistance.WTI recovers 0.70% to $51.67 during the Asian session on Tuesday. That said, black gold recently bounced off the monthly support line and is currently probing 21-day SMA. Given the bullish MACD and a pullback from the short-term support line, the energy benchmark is likely to cross 21-day SMA level of $51.83 and aim 23.6% Fibonacci retracement of its declines between January 08 and February 06, at $53.23. It should, however, be noted that the monthly high surrounding $54.70 and 200-day SMA level around $56.25 will be the key during the oil price run-up beyond $53.23. Meanwhile, a downside break below the immediate support line, at $50.50 now, can take rest around $50.00 before challenging the month’s low close to $49.40. WTI daily chart Trend: Pullback expected

Politico reports that the Trump administration on Monday night is sending to Capitol Hill its $2.5 billion supplemental budget request for additional

Politico reports that the Trump administration on Monday night is sending to Capitol Hill its $2.5 billion supplemental budget request for additional money to fight the coronavirus. The package proposes using untouched money that has not been used, like unspent funds for Ebola, as well as new money, totaling over $2 billion, according to a person familiar with the supplemental package. Over $1 billion will go toward vaccine development and the other money will give HHS the flexibility to spend the cash as it sees fit, from stockpiling masks to paying for diagnostics. More to come

Japan finmin Aso: Not yet considering additional economic measures to respond to covid-19 outbreak More to come...

Japan finmin Aso: Not yet considering additional economic measures to respond to covid-19 outbreak -Monitoring The Situation Closely -Measures Are Needed To Keep Growth Sustainable More to come...

Japanese Economy Minister Masatoshi Nishimura said on Tuesday that the government would need to pay close attention to the impact from the coronavirus

Japanese Economy Minister Masatoshi Nishimura said on Tuesday that the government would need to pay close attention to the impact from the coronavirus outbreak, including on financial markets. Nishimura also said he wanted to implement necessary economic support steps depending on the urgency of the situation. Ahead of annual spring wage negotiations, he said higher wages and expansion in consumption were important as there were downside risks to the economy. Key notes Japan Economic Nishimura: need to pay close attention to impact from coronavirus including to financial markets.
Japan Economic Nishimura: higher wages and expansion in consumption important as there are downside risks to economy. More to come...

 

China reports 508 new cases of coronavirus on 24th bs 409 and 71 deaths vs 150 on Feb 23rd More to come

China reports 508 new cases of coronavirus on 24th bs 409 and 71 deaths vs 150 on Feb 23rd  CHINA REPORTS 508 NEW CONFIRMED CASES OF CORONAVIRUS ON MAINLAND ON FEB 24 VS 409 ON FEB 23 24-Feb-2020 18:40:27 - CHINA REPORTS 71 NEW CORONAVIRUS DEATHS ON MAINLAND ON FEB 24 VS 150 ON FEB 23 24-Feb-2020 18:41:15 - CHINA'S TOTAL NUMBER OF CONFIRMED CORONAVIRUS CASES ON MAINLAND HITS 77,658 AS OF END-FEB 24 24-Feb-2020 18:42:11 - CHINA'S TOTAL NUMBER OF CORONAVIRUS DEATHS ON MAINLAND REACHES 2,663 AS OF END-FEB 24   CHINA REPORTS 508 NEW CONFIRMED CASES OF CORONAVIRUS ON MAINLAND ON FEB 24 VS 409 ON FEB 23 24-Feb-2020 18:40:27 - CHINA REPORTS 71 NEW CORONAVIRUS DEATHS ON MAINLAND ON FEB 24 VS 150 ON FEB 23 24-Feb-2020 18:41:15 - CHINA'S TOTAL NUMBER OF CONFIRMED CORONAVIRUS CASES ON MAINLAND HITS 77,658 AS OF END-FEB 24 24-Feb-2020 18:42:11 - CHINA'S TOTAL NUMBER OF CORONAVIRUS DEATHS ON MAINLAND REACHES 2,663 AS OF END-FEB 24 24-Feb-2020 18:42:50 - CHINA'S HUBEI PROVINCE, EPICENTRE OF CORONAVIRUS OUTBREAK, REPORTS 499 NEW CASES ON FEB 24 VS 398 ON FEB 23 24-Feb-2020 18:43:31 - CHINA'S HUBEI PROVINCE, EPICENTRE OF CORONAVIRUS OUTBREAK, REPORTS 68 NEW DEATHS ON FEB 24 VS 149 ON FEB 23 DEATH TOLL FROM CORONAVIRUS OUTBREAK IN CHINA'S HUBEI AT 2,563 AS OF END-FEB 24 More to come...

We are seeing a divergence in momentum 5 Wave bullish outlook towards 61.8% golden ratio target The bullish projection aks the price back to an H&S r

AUD/USD last week eroded the 2018-2020 support line at 0.6657.AUD/USD has made the lowest low in a decade and following an 8-year run to the downside, it could be time for a healthy correction.AUD/USD's momentum divergence with the price is compelling.The last divergence seen as this was at the start of the Jan 2018 downtrend, some 18.7% higher (or 1526 pips ago). Bulls will target structure towards the 23.6% Fibonacci of the Dec 2019 downtrend ahead of 38.2% Fibo in the 0.67 handle. On the downside, the monthly chart offers vulnerable to further weakness to the 0.6535/.6488 on the weekly and monthly charts.Bulls at monthly support structure, but below 2018 support We are seeing a divergence in momentum 5 Wave bullish outlook towards 61.8% golden ratio target The bullish projection aks the price back to an H&S resistance neckline as marked by the Target 3 on the chart, with the confluence of a 61.8% Fibonacci retracement (the golden ratio). The price will likely move in stages through the various confluence targets and volume nodes of the 23.6% and 38.2% Fibos on five waves overcoming the accelerated downtrend at 0.6701. The 200-day ma is also located at 0.6850 guarding the 0.6933 January high. Key fundamental notes to considerDespite the coronavirus hic-up, the relation trade could be back on the cards.Casting minds back to the reflation trade of 2009, AUD soared as when the world reflates, export-oriented economies will benefit the most.RBA meeting in March will be crucial as will the next unemployment rate. Any sign in next week’s meeting that policy-makers’ concerns regarding coronavirus are escalating will increase the risk of another 25 bps reduction in rates in the coming months.          

Gold prices decline to $1,649.50, down 0.62%, amid the initial hours of the Asian session on Tuesday. While the risk of spreading coronavirus outside

Gold probes five-day winning streak.Risk positive comments from China, WHO and the US seem to play their role off-late.Tokyo open pays a little heed to the coronavirus updates from South Korea and comments from global businesses.Gold prices decline to $1,649.50, down 0.62%, amid the initial hours of the Asian session on Tuesday. While the risk of spreading coronavirus outside China propelled the bullion to a fresh seven-year high on Monday, the recently mixed headlines seem to trigger the pullback amid risk reset. Among the key catalysts, China’s lowering of emergency alerts in various provinces and the recent recovery in coronavirus (COVID-19) numbers played the key role. Also challenging the risk-on was the World Health Organization’s (WHO) tweet mentioning the epidemic to have peaked between late-January and early-February. Further to support the sellers were the US President Donald Trump and the Federal Reserve Cleveland President Loretta Mester who downsized the risks emanating from the Chinese virus. Even so, the US and South Korea have suspended their military exercises whereas the US CDC increased warning levels for the Asian nation as same as China during the early days of coronavirus infection. Additionally, global business players like United Airlines and Mastercard have also flashed warnings due to the outbreak of the Chinese epidemic. Recently, Japan’s Economy Minister Nishimura said to pay close attention to impact coronavirus including financial markets. It’s worth mentioning that Japanese markets re-open today after a long weekend due to the Emperor’s Birthday. Also, Japan’s Corporate Service Price Index for December rose to 2.3% from 2.1% expected and prior just round the Tokyo open. That said, the US 10-year treasury yields recover nearly two basis points from the three-year low to 1.394% while S&P 500 Futures also mark 0.55% gains to 3,244 by the press time. Investors will now pay close attention to the coronavirus updates for fresh impulse while the Asian traders’ reaction, led-by Japan, to the recent risk reset will also be the key. Technical Analysis Unless rising back beyond $1690, gold prices are expected to test the resistance-turned-support line stretched from September 2019, at $1,633 now.

GBP/JPY stays mildly positive, +0.05%, to 143.20 by the press time of Tuesday’s Asian session. The quote recently recovered from an eight-day-old risi

GBP/JPY pulls back from the one-week low.Multiple support lines, RSI condition question further downside.38.2% Fibonacci retracement acts as the immediate resistance.GBP/JPY stays mildly positive, +0.05%, to 143.20 by the press time of Tuesday’s Asian session. The quote recently recovered from an eight-day-old rising trendline and is up for challenging 38.2% Fibonacci retracement of the February month upside. Should the quote manage to stay positive beyond 143.40 immediate resistance, which is more likely considering the recovery in RSI conditions from the oversold region, Friday’s low near 143.70 will be on the buyers’ radar. In a case where the bulls dominate beyond 143.70, 23.6% Fibonacci retracement of 144.00 and the monthly top nearing 145.00 could return to the charts. Alternatively, the said support line around 142.60 and 61.8% Fibonacci retracement, close to 142.45, question the pair’s short-term declines. However, an ascending trend line from February 04, at 142.22 now, will be important to watch past-142.45 as a downside break of the same could drag AUD/JPY prices towards 141.00 GBP/JPY four-hour chart Trend: Pullback expected

Japan Corporate Service Price Index (YoY) came in at 2.3%, above forecasts (2.1%) in January

NZD/USD keeps it between 0.6333 and 0.6343, currently around 0.6340, while marking no major changes during the early Asian session on Tuesday.

NZD/USD questions the recent U-turn from 0.6300 amid mixed clues concerning coronavirus.China, WHO and the US are flashing upbeat signals while global players like Mastercard and United Airlines keep traders worried.A lack of major data/events will keep coronavirus headlines on the driver’s seat.NZD/USD keeps it between 0.6333 and 0.6343, currently around 0.6340, while marking no major changes during the early Asian session on Tuesday. Despite the week-start gap down, mainly due to coronavirus fears, the kiwi pair has been on recovery mode amid positive signals from China. However, the buyers are waiting for fresh clues to extend the pullback from the lowest in four months. With the next RBNZ meeting be in May, upbeat signals from China and the World Health Organization (WHO) seem to push the NZD/USD buyers towards expecting further recoveries in the Chinese epidemic. On Monday, many of the Chinese provinces lowered down emergency levels while also citing fewer cases of the coronavirus (COVID-19) infections and deaths. Further, the WHO also contributed to the upbeat expectations while tweeting that the deadly virus peaked between late-January and early February. It should also be noted that the latest comments from the US President and the Federal Reserve Cleveland President Loretta Mester also downsized the contagion risk. On the other hand, Italian PM Conte warned of a strong impact of the coronavirus on the economy while Mastercard and United Airlines were the latest in the league of pessimists. The market’s risk-tone remains mostly negative as coronavirus spread outside China, recently in Oman, seems to threaten the trade sentiment. While portraying the same, the US equity benchmarks nosedived and the US treasury yields also dropped heavily by the end of their trading on Monday. At present, the S&P 500 Futures recovers 0.28% to 3,236 versus the previous declines of more than 3.0%. On Monday, New Zealand PM Jacinda Ardern extended travel ban from China for another eight days while the fourth quarter (Q4) Retail Sales slipped below 1.7% prior to 0.7%. Traders will now look for fresh clues to determine near-term direction amid an absence of major data/events at home. In doing so, coronavirus will be their go for search. Technical Analysis A confluence of 10-day SMA and a downward sloping trend line from January 24, around 0.6390 seems to restrict the pair’s near-term recoveries. On the downside, a sustained break below 0.6300 could challenge October 16, 2019, low surrounding 0.6240.

AUD/JPY stays in the choppy range between 73.05 and 73.17, currently at 73.10, amid the initial Asian trading hours on Tuesday.

AUD/JPY seesaws near three-week low.A sustained break of the previous support, 200-day SMA keep sellers hopeful.An ascending trend line from October 2019 acts as the near-term key support.AUD/JPY stays in the choppy range between 73.05 and 73.17, currently at 73.10, amid the initial Asian trading hours on Tuesday. In doing so, the quote nears the lowest levels last seen on February 04 while keeping its fall below 200-day SMA and an ascending trend line from September 2019. As a result, the bears are aiming for further downside, which in turn highlights a rising support line from October around 72.60 as the near-term strong support. However, sellers will wait for the lows below 73.00 round-figure for fresh entry. Should AUD/JPY prices remain weak below 72.60, 72.00 and October 2019 bottom close to 71.70 will be in focus. On the upside, 200-day SMA and the aforementioned support-turned-resistance can question the pair’s short-term pullbacks around 74.20 and 74.75. Also challenging the bulls is a downward sloping trend line connecting highs marked during December 2019 and January 2020 that stands around 75.70 now. AUD/JPY daily chart Trend: Bearish

Following its gradual recoveries from 110.33 during the US session on Monday, USD/JPY remains modestly changed to 110.70 amid the initial Asian sessio

USD/JPY probes the previous two-day declines.Comments from the US President Trump, Fed Cleveland President Mester seem to tame the risk aversion, WHO was the first mover.Japanese traders’ reactions, data and coronavirus headlines will be the key.Following its gradual recoveries from 110.33 during the US session on Monday, USD/JPY remains modestly changed to 110.70 amid the initial Asian session on Tuesday. That said, the pair questions the previous two-day declines, mainly due to coronavirus-led risk aversion, amid mixed messages from the global front. The US, WHO flash upbeat signals concerning coronavirus… The rapid increase in coronavirus cases outside China, mainly in Italy, South Korea and Iran, propelled the market’s risk-off during Monday. However, fears of the deadly virus seem to recede inside the dragon nation as many provinces have lowered emergency alerts while few more of the factories restart. The World Health Organization (WHO) refrained to consider the coronavirus (COVID-19) as the pandemic. The global institution also tweeted the virus to have peaked between late-January and early February. Also challenging the market’s rush to risk-safety were comments from the Federal Reserve Bank of Cleveland President Loretta Mester and US President Donald Trump. While the Fed Cleveland Chief considers the Chinese virus as a short-term catalyst, President Trump said that the coronavirus is very much under control. However, Oman announced its first case of coronavirus recently and the risk aversion continues amid the equities ahead of Tokyo open. While portraying the same, the US equity benchmarks turned into the sea of red while the bond yields also dropped to the multi-year lows by the end of Monday’s trading session. It’s worth noting that the S&P 500 Futures drop 3.37% to 3,327 by the press time. Moving on, traders will now await the return of Japanese traders from the long weekend. In addition to Japan’s reaction to the latest risk-off, a slew of second-tier activity indices from the Asian nation could also entertain the momentum traders. Though, nothing can take place of coronavirus headlines as far as the key catalysts are concerned. Technical Analysis A short-term rising trend line since February 03, around 110.30/25 now, could limit the pair’s near-term declines whereas lows marked during April 2019 and on Friday, respectively around 110.85 and 111.15, might guard the immediate upside.  
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