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Chinese government medical advisor says virus outbreak to peak by mid to late February in southern China

Xinhua reports, citing the Chinese expert on the matter, Zhong Nanshan The forecast is based on mathematical models and the government's control measures. That is similar to exactly a week ago but we will see if things really play out that way. My take is that the numbers may see a peak, but as long as
Feb 18, 2020 Read more

AUD/USD closes in on decade lows again as softer risk mood weighs on the aussie

AUD/USD down to session lows at 0.6680 curently ForexLive The pair is tracking lower back under 0.6700 and is testing the support region around 0.6670-90 for now, with sellers aiming a move towards retesting the year's low at 0.6660-62 - which were the lowest levels since 2009.
Feb 18, 2020 Read more

European equities open lower to start the day

Risk-off to start the European morning - Eurostoxx -0.6% - Germany DAX -0.9% - France CAC 40 -0.7% - UK FTSE -0.9% - Spain IBEX -0.5% ForexLive It is red across the board as the risk mood keeps softer on the session. Bond yields are also marked lower and that is keeping the yen underpinned, with the likes of the aussie and
Feb 18, 2020 Read more

Cable stuck near 1.30 ahead of UK data deluge this week

Cable price action is caught in between the key hourly moving averages ForexLive As such, the near-term bias is now more neutral as price rests under the 100-hour MA (red line) @ 1.3012 and above the 200-hour MA (blue line) @ 1.2970.
Feb 18, 2020 Read more

Onshore yuan weakens past 7.00 against the dollar

Watch out for the early February high around 7.0256 ForexLive The risk-off mood in the market is pushing the yuan lower on the day - part of the reason weighing on the aussie and kiwi - as USD/CNY now rises back above 7.0000.
Feb 18, 2020 Read more

Oil markets look vulnerable to coronavirus shock

Oil trying to bounce The crude complex has tried to bounce as investors generally take the view that the coronavirus will be contained. Looking at US crude below you can see that support was found at the key daily level around $50. However, with Apple issuing a profit warning due to the coronavirus, this is a reminder
Feb 18, 2020 Read more

Eurostoxx futures -0.6% in early European trading

Softer tones observed in early trades - German DAX futures -0.7% - French CAC 40 futures -0.7% - UK FTSE futures -0.7% ForexLive It is red across the board to start the European morning as the overall risk mood is softer amid concerns surrounding the virus impact on the global economy. The tilt came after Apple issued a revenue guidance
Feb 18, 2020 Read more

Singapore plans to set aside S$800 million to fight coronavirus outbreak

Singapore announces in its 2020 budget delivery ForexLive
Feb 18, 2020 Read more

Chinese equities halt advance as Apple warning tempers with risk mood

Chinese equities are more tepid after a solid start to the week yesterday ForexLive The CSI 300 index closes lower by 0.5% but the Shanghai Composite managed to pare losses to close up by 0.1% on the day, after the Apple revenue guidance warning tempered with the risk mood in Asia Pacific trading.
Feb 18, 2020 Read more

USD/JPY holds a little lower but near-term support still intact for now

USD/JPY rests under its key hourly moving averages but remains supported to start the European morning ForexLive The pair is keeping lower amid the softer risk tilt in the market and price is now trading under both the key hourly moving averages at 109.84-85.
Feb 18, 2020 Read more

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