Coronavirus carnage – The massive stock sell-off has extended as the disease spreads over the world. The US has ramped up its tests, more companies and forecasters are expressing concerns, and additional countries have reported cases – including in Nigeria.
Topics in Depth
GBP/USD has dipped below 1.2850, hitting a new 2020 low as concerns about a no-trade-deal Brexit are weighing on the pound. Coronavirus-linked USD weakness is minimal in this pair.
The buying interest around the safe-haven yen remains unabated, knocking-off the USD/JPY pair to the weakest levels in three weeks below the 109 level. The spot faces a double whammy amid growing coronavirus fears and March Fed rate cut bets.
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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."