Fear of outbreak triggers risk off

LMAX Group Research Desk LMAX Group

Markets get back to fuller trade, with the US returning after being out for MLK Day. There has been an early wave of risk liquidation, with many attributing the selloff to worry associated with a possible spreading of the deadly coronavirus, which already has been reported as moving outside of China to South Korea, Thailand and Japan.

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LMAX Group Research Desk

LMAX Group

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EUR/USD looks offered below 1.1900

EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.

GBP/USD slips back to daily lows near 1.3640

GBP/USD drops to daily lows near 1.3640 as sellers push harder and the Greenback extends its rebound in the latter part of Tuesday’s session. Looking ahead, the combination of key US releases, including NFP and CPI, alongside important UK data, should keep the pound firmly in focus over the coming days.

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XRP holds $1.40 amid ETF inflows and stable derivatives market

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