EUR/USD falls to print fresh lows on French lockdown news. France expected to announce a nationwide lockdown tomorrow to start on Thursday night. The coronavirus has moved the nation to reinstate its COVID-19 state of a health emergency.
USD/JPY feels the pull of gravity as risk sentiment weakens on coronavirus concerns. Deeper losses look likely, as the 4-hour chart shows a bear flag breakdown. The pattern indicates a continuation of the sell-off from the Oct. 20 high of 105.75, possibly toward 104.00.
GBP/USD is denying the bulls a clean break to the upside. The price action of cable has been bearish within a bullish setup, although the support structure holds and so long as it does, the bias remains with the upside.
Gold attempts bids amid coronavirus woes-led risk-aversion, as the bulls fight back control amid a sell-off in the US Treasury yields, triggered by the coronavirus concerns-induced risk-aversion. The benchmark US 10-year Treasury yields drop further below the key 0.80% level.
The price of oil has fallen in recent trade as the recent inventory data shows a build on stockpiles, weighing on WTI. Technically, the price is deteriorating on a daily outlook. From a 4-hour perspective, the price might be expected to ....