US indices came under pressure yesterday after the first case of the corona virus in the US was reported. News of delays to the un-grounding of Boeing’s 737MAX jet hurt the US30 index. The Bank of Canada is expected to leave rates unchanged at its rate meeting later today.
US30USD Daily Chart
Source: OANDA fxTrade
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The US30 index snapped a six-day winning streak yesterday amid combined pressures of the spreading corona virus and a weak Boeing performance
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The 55-day moving average, which has supported prices since October 10, has moved up to 28,282
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US existing home sales probably rose 1.2% m/m in December, according to the latest survey of economists, almost recouping all of November’s 1.7% decline.
DE30EUR Daily Chart
Source: OANDA fxTrade
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The Germany30 index retreated from two-year highs yesterday as Trump said on the sidelines of the Davos forum that he was fully prepared to slap tariffs on EU car exports
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The index is above the 55-day moving average at 13,255, which has supported prices on a closing basis since October 8
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The German ZEW economic sentiment survey for January jumped to 26.7, much higher than the 15.0 anticipated and the highest reading since 2015.
UK100GBP Daily Chart
Source: OANDA fxTrade
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The UK100 index touched the lowest in two weeks yesterday, echoing sentiments elsewhere. The index rebounded slightly into the close after UK data out-performed
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The 55-day moving average has moved up to 7,445, and has supported prices since December 13
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UK average earnings (including bonus) jumped 3.2% In November from a year earlier, more than the 3.1% economists had expected and the same pace as in October.
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