The dollar and “safe heavens” are trading higher this morning following a report that the coronavirus is spreading and more dead tolls have been reported overnight in China and investors fear the virus outbreak will temper China manufacturing, suspended in some regions until Feb 10th. The FOMC meeting meant nothing to FX and global equity markets as the FED stayed put with its interest rate policy and forward guiding. The dollar index traded yesterday higher for the fifth day in a row, closing at 98 yesterday. EU, Japan and Asian markets and US futures are all lower this morning as fears spread and the coronavirus scare looks at this point far from being over. Gold and silver traded higher, Gold closed at $1,575 per ounce and Silver at $17.55, both higher as investors appetite for risk diminishes and “safe heavens” stay in demand on the China outbreak. Oil closed lower following the release of the Inventories numbers, up to 3.5 million barrels as well as gasoline inventories, up to a record high 261 million barrels. Oil closed at 20-week lows, $53.1 per barrel.
GBP BOE rate decision and Monetary Policy release at 12:00 noon and US GDP at 1:30 pm are the important news on the agenda Thursday, (All times GMT).
| Global Markets 24 hours wrap-up | ||||||
|---|---|---|---|---|---|---|
| Market | GBPUSD | USDJPY | EURJPY | EURUSD | GOLD | OIL |
| 29.1.20 | -0.11% | -0.04% | -0.21% | -0.12% | 0.33% | -0.71% |
| USDMXN | USDCHF | AUDUSD | AUDJPY | USDCAD | Silver | Nat Gas |
| -0.18% | 0.02% | -0.06% | -0.12% | -0.3% | 0.53% | -3.36% |
| Dollar Index | DAX | FTSE100 | CAC40 | EURSXX50 | NIKKEI225 | CSI300 |
| 0.07% | -0.8% | -0.45% | -1.01% | -0.82% | -1.72% | 0% |
| 1 YEAR | 18.07% | 7.1% | 18.26% | 16.94% | 11.78% | 26.75% |
| Swing report | ||||||
|---|---|---|---|---|---|---|
| TRADE | ENTRY PRICE | POSITION | OPEN PROFIT | DATE TRIGGERED | STOP LOSS | UPDATES |
| EURUSD | 1046 | 1 | 340 | 24/1 | 1050 | SL Changed |
| GBPUSD | 3022 | 1 | -20 | 30/1 | 3050 | new position |
| OPEN PROFIT | $320 | |||||
Nasdaq futures point to a lower open this morning on global coronavirus fears.
EURUSD lower marginally this morning as investors seek “safe heavens” shelter fearing coronovirus spreading into Japan and India.
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