Coronavirus-related fears and upcoming first-tier event keeping investors in cautious mode. US Durable Goods Orders seen posting a tepid advance in December. USD/JPY at risk of resuming its decline once below 108.65.
The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.
Gold finally broke down of its consolidative trading range held over the past 24-hours or so and dropped to fresh session lows, around the $1572-71 region in the last hour, filling the weekly bullish gap.