Intra-Day Market Moving News and Views

Update Time: 24 Jan 2020 04:30GMT

USD/JPY - 109.45... Dollar met renewed selling at 109.86 in Australia yesterday and fell to 109.50 in European morning on dampened risk trading due to concerns over spreading of coronavirus in China as well as selloff in the Nikkei-225. Despite rebounding to 109.65 ahead of New York open, the pair then dropped to a 13-day low of 109.27 in New York on falling U.S. Treasury yields before recovering to 109.57 at Asian open today.

Yesterday's fall below Tuesday's 109.77 low to 109.27 suggests recent decline from last Friday's fresh 7-1/2 month peak at 110.28 has once again resumed and further weakness to 108.95/00 would be seen after consolidation, however, reckon 108.62/66 should hold and yield rebound. Offers are tipped at 109.55/60 with stop above 109.80 while bids are noted at 109.10-00 with stops below there.

On the data front, U.S. will release Markit manufacturing PMI and Markit services PMI at 14:45 GMT.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD stabilizes amid upbeat IFO data, coronavirus concerns

EUR/USD is trading below 1.0850 as the German IFO Business Climate beat with 96.1. Coronavirus headlines are weighing heavily on the market. The US dollar remains bid despite falling US yields. 


GBP/USD dips below 1.29 on USD strength

GBP/USD has dipped below 1.29 as the dollar gains ground amid coronavirus headlines. The EU and the UK prepare for formal post-Brexit due to talks kicking off next week. 


Forex Today: Coronavirus consumes markets, Gold eyeing $1,700, German data awaited

Coronavirus: The respiratory disease continues spreading and is taking its toll. Chinese President Xi Jinping has sounded the alarm over the outbreak at the Communist Party's gathering. 

Read more

Gold hits fresh multi-year tops, eyeing $1700 mark

Gold continues scaling higher amid a fresh wave of the global risk-aversion trade. Heightened fears about the economic impact of the deadly coronavirus rattled investors. Absent relevant economic data is unlikely to hinder the ongoing strong move up.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors