Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the US economy should continue to perform well this year and monetary policy is currently well-positioned. "The economy has been performing well and I expect that to continue," Mester said in prepared remarks to the National Association for Business Economics conference in Washington. She did, however, note that she has incorporated the potential impact of the coronavirus as a downside risk to her forecast this year, which is for U.S. economic growth around 2%, solid job market gains and low and stable inflation. Key notes Fed's Mester repeats that US monetary policy is 'well calibrated'. Mester says there are risks to the US outlook, including impact of coronavirus outbreak. Mester says she expects the US economy to continue performing well. Mester says her 2020 economic outlook is for u.s. expansion to continue with growth around trend, a solid labour market and low and stable inflation. ..

Italian PM Conte: Could see virus having a strong impact on Italian economy More to come

Here is what you need to know on Tuesday, February 25th: Panic hit the financial word, amid concerns of the possible effects of the coronavirus on global growth. The illness spread outside China, with Italy, South Korea and Iran reporting the largest number of cases. The dollar gapped higher at the weekly opening, amid demand for safety, but trimmed daily gains on mixed US data and persistent weakens in Wall Street. The EUR/USD pair hit a weekly high of 1.0871, but settled around 1.0845, unchanged from Friday’s close, despite an upbeat German IFO survey. The GBP/USD pair ended the day in the red around 1.2920, amid mounting tensions ahead of the EU-UK trade deal. The Japanese yen firmed up, with USD/JPY trading as low as 110.30. Wall Street collapsed, with the DJIA down over 1,000 intraday. Gold prices soared, spot flirted with $1,690.00 a troy ounce, trimmed most daily gains ahead of the close. Crude oil prices were sharply lower and recovered just modestly, as Saudi Aramco CE..

El S&P 500 se está negociando a la baja ya que está en camino de registrar su peor caída diaria desde agosto de 2019. Los osos están apuntando al mínimo de 2020 cerca de la cifra de 3200. S&P 500 Gráfico diario El índice S&P 500 está teniendo un fuerte retroceso por debajo del promedio móvil simple (SMA) de 50 días. Los toros quieren mantener la tendencia alcista y defender el mínimo de 2020 y la gran cifra de 3200. Sin embargo, si no lo hicieran, los osos podrían extender el movimiento descendente hacia 3100 y la cifra de 3000. Por otro lado, una recuperación alcista podría encontrar resistencia cerca de los niveles 3300 y 3350. Niveles Técnicos

Saudi Aramco CEO Expects Only Short-Term Coronavirus Impact On Oil Demand - Confident Oil Demand Will Improve In H2 2020, Particularly In China More to come...

BoE Chief Economist Haldane says does not see overstretched balance sheets or asset bubbles generally around the world. Key comments Bank of England's Haldane says he does not think we have hit peak globalisation. Bank of England's Haldane says government needs to consider if 'social return' of spending is greater than near-zero cost of capital. Bank of England's Haldane says a lot of political and Brexit uncertainty has dissipated in UK. Bank of England's Haldane says reduced uncertainty should help boost investment. Says a lot of political and Brexit uncertainty has dissipated in UK. Says reduced uncertainty should help boost investment. Surveys suggest there could be 'stirring in the undergrowth' regarding UK companies' investment plans. More to come...

Total Coronavirus cases in China now at 77,362, new cases rose 416 over the last 24 hours. The coronavirus global cases total reaches over 79,000 now with the death toll has reached 2,620, with 27 of those occurring outside of China. The expansion of outbreaks in South Korea and Italy have brought about fears of a global pandemic and has caused a risk-off start to the week. People in northern Italy have been in touch with the Guardian to say they have noticed empty shelves in local supermarkets. The Guardian wrote that Francesco Sole, a trade union regional secretary from Milan, said prices for face masks and antibacterial gel had skyrocketed. “It’s quite a shock for us in northern Italy. My wife and I rushed to do some grocery shopping in fear of being stuck at home. “Empty shelves for basic products such as flour, oil and bottled water were easily noticeable,” he said. “Finding a mask or antibacterial gel has become as challenging as finding water on the moon. “Some companies h..

EUR/JPY struggles to catch a bid on German IFO. EUR/JPY bleeds out as EZ economy seen vulnerable to worsening coronavirus implications. All eyes will be on the ECB in March and the DXY back towards 100. EUR/JPY is trading at 120.03 having travelled between a low of 119.90 and a high of 121.07, firmly in the red by -0.86 due to a blood bath in the stock markets. The coronavirus is the culprit and the spread of contagion fears are gripping investors into a state of fear. Unless we see a sizeable repricing of China-related risk, the situation appears unlikely to change this week and bears can stay in control. What has been interesting of late, and still worth monitoring is how the yen has decoupled from the risk-off trade. We have seen most of the flow head into the US dollar, for sound reasoning, yet the yen has been unable to cash in on risk aversion due to the grim domestic outlook - just look at the latest Gross Domestic Growth figures. In Chart Of The Week, we see a bullish bia..

El AUD/USD está consolidando las pérdidas ya que el USD está a la defensiva. La resistencia se ve cerca del nivel de 0.6630. Gráfico diario AUD/USD El dólar australiano está rebotando desde los mínimos de una década, mientras que cotiza muy por debajo de los principales promedios móviles simples diarios (SMA). La tendencia es claramente a la baja, a pesar de que el USD está perdiendo fuerza en todos los ámbitos, y el AUD/USD podría estar corrigiendo alza en las próximas sesiones. Una ruptura por encima del nivel de 0.6630 puede conducir a mayores ganancias hacia los niveles de 0.6650 y 0.6778. El soporte se ve cerca de los niveles 0.6596, 0.6569 y 0.6548, según el Indicador de Confluencias Técnicas. Resistencias: 0.6630, 0.6650, 0.6678 Soportes: 0.6596, 0.6569, 0.6548 Niveles Técnicos

10-year US Treasury bond yield erases more than 7% on Monday. US Dollar Index slides toward the 99 handle. Wall Street's main indexes suffer heavy losses on flight-to-safety. The USD/JPY came under strong bearish pressure on Monday as the JPY restarted to capitalize on safe-haven flows after struggling to find demand last week. As of writing, the pair was down 1% on the day at 110.45. Heightened worries over the coronavirus outbreak turning into a global epidemic with a number of confirmed infections rising outside of China, namely in Italy and South Korea. Reflecting the intense flight-to-safety, major Asian end European equity indexes closed sharply lower and the 10-year US Treasury bond yield, which was last down 7.5% on the day, slumped to its lowest level since July. Furthermore, the Dow Jones Industrial Average and the Nasdaq Composite are down 3.5% and 4%, respectively, as investors show no interest in risk-sensitive assets. Over the weekend, Bank of Japan Governor Ku..

The S&P 500 is trading down sharply as it is on track to record its worst daily decline since August 2019. Bears are eying the 2020 low near the 3200 figure. S&P 500 daily chart The S&P 500 Index is trading is having a strong retracement down below the 50-day simple moving average (SMA). Bulls want to keep the uptrend going and defend the 2020 low and the 3200 big figure. However, failure to do so could see the bears extending the down move towards 3100 and the 3000 figure. On the flip side, a bullish recovery could find resistance near the 3300 and 3350 levels. Additional key levels

La fuerte caída en el rendimiento de los bonos del Tesoro de EE.UU. afecta al USD. El índice del dólar estadounidense cae al área de 96.20 después de abrir con una brecha alcista. El índice alemán de clima de negocios IFO mejora modestamente en febrero. El EUR/USD comenzó la nueva semana bajo presión con una brecha bajista después de que los informes del fin de semana mostraran un aumento en los casos confirmados de coronavirus a nivel mundial, especialmente en Italia y Corea del Sur. Según la agencia de noticias italiana ANSA, el número de casos confirmados en el país actualmente es de 222 con 6 muertes. Sin embargo, después de caer hacia la zona de 1.0800 durante la sesión europea, la debilidad generalizada del USD en la segunda mitad del día ayudó al par a cerrar la brecha de apertura y volverse positivo. Al momento de escribir, el par EUR/USD sube un 0.19% en el día a 1.0870 y ha tocado máximos de una semana y media en 1.0872. DXY gira hacia el sur en sesión americana Aunque ..