USD/JPY extended the previous session’s rejection from 110.00 round-figure mark. Reviving safe-haven demand benefitted the JPY and exerted some fresh pressure. The downside remains limited and thus, warrants some caution for bearish traders.
Gold prices take the bids above $1585, +0.35%, during the pre-European trading on Tuesday. The yellow metal recently broke a downward sloping trend line stretched from January 08. Early-month top on the buyer’s radar.
The recovery in the price of a barrel of oil has started to fizzle out within a fundamentally bearish landscape and mixed sentiment with regards to the spread of the coronavirus. At the time of writing, WTI is trading at 451.79 having travelled between $51.74 and $52.16, down some 0.97% on the session so far.