WHO: Total Coronavirus Cases In China Now At 77,362, New Cases Rose 416 Over The Last 24 Hours More to come....

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 ..

AUD/USD is consolidating losses as USD is on the back foot. Resistance is seen near the 0.6630 level. AUD/USD daily chart The aussie is bouncing from one-decade lows while trading well below the main daily simple moving averages (SMAs). The trend is clearly to the downside, however, as USD is losing steam across the board, AUD/USD might be correcting up in the coming sessions. A break above the 0.6630 level can lead to further gains towards 0.6650 and 0.6778 levels. Support is seen near 0.6596, 0.6569 and 0.6548 levels, according to the Technical Confluences Indicator. Resistance: 0.6630, 0.6650, 0.6678 Support: 0.6596, 0.6569, 0.6548 Additional key levels

GBP long positions have recovered almost to their January highs. GBP/USD unable to rally on dollar weakness, is that telling? GBP/USD subject to a long squeeze on trade talk uncertainty and the UK budget. GBP/USD has been trading between a low of 1.2886 and 1.2954, slightly down on the day by 0.22% and despite the US dollar sliding into the lows of the 99 handle. At this juncture, it's all bout March and month-end flows could be one to watch as traders position ahead of key events. First of all, the US dollar has been taking up the headlines, besides the coronavirus, and has been in a whisker of the psychological 100 handle in the DXY index (heavily weighted to the euro). The slide came on Friday following dismal US data having pushed higher for a fourth consecutive week in long futures positioning. Given the robustness of the US stock markets and the US economy and global mark uncertainty, the dollar has been sourced as a store of value this year so far for many investors...

El XAU/USD está imparable marcando nuevos máximos de 2020 a medida que comienza la semana. El nivel a batir para los compradores es la zona de resistencia de 1690/70$. Oro Gráfico diario El XAU/USD está operando en una fuerte tendencia alcista por encima de los principales promedios móviles diarios simples (SMA), ya que el oro está registrando nuevos máximos de 2020 que alcanzan los 1689.40$ por onza intradía. Oro Gráfico de 4 horas El oro se está disparando al alza ya que el mercado está operando muy por encima de las SMA. El mercado permanece unilateral con los toros firmemente en control y está buscando extender sus ganancias por encima de la zona de resistencia 1690/1700 en camino hacia el nivel 1720. El soporte se ve cerca de los niveles 1660, 1640 y 1610. Niveles Técnicos

Sharp drop in US Treasury bond yield takes its toll on USD. US Dollar Index drops to 96.20 area after opening with a bullish gap. German IFO Business Climate Index improves modestly in February. The EUR/USD started the new week under pressure with a bearish gap after the weekend reports showed a surge in confirmed coronavirus cases globally, especially in Italy and South Korea. According to Italian news agency ANSA, the number of confirmed cases in Italy currently stands at 229 with 7 fatalities. After sliding toward the 1.0800 handle during the European session, however, the broad-based USD weakness in the second half of the day helped the pair close the opening gap and turn positive on the day. As of writing, the EUR/USD pair was up 0.15% on the day at 1.0860. DXY turns south in American session Although the USD was able to capitalize on risk aversion in the past few weeks, a sharp drop witnessed in the US Treasury bond yields seem to have finally triggered a heavy selloff. At ..

XAU/USD is unstoppable printing fresh 2020 highs as the week is kicking off. The level to beat for buyers is the 1690/70 resistance zone. Gold daily chart XAU/USD is trading in strong bull trend above the main daily simple moving averages (SMAs) as Gold is printing fresh 2020 highs hitting $1689.40 per ounce on an intraday basis. Gold four-hour chart Gold is spiking to the upside as the market is trading weel above the SMAs. The market remains one-sided with bulls firmly in control. The market is looking to extend its gains above the 1690/1700 resistance zone en route toward the 1720 level. Support is seen near the 1660, 1640 and 1610 levels. Additional key levels

El DXY está comenzando la semana reanudando la caída del viernes pasado. El nivel a superar para los vendedores está en el soporte 99.20. Gráfico diario de DXY El índice del dólar estadounidense (DXY) está retrocediendo por debajo del máximo de 2019 en el nivel de 99.67. El DXY está a la defensiva después de un largo recorrido alcista. DXY gráfico de cuatro horas El mercado está presionado cerca de los mínimos de la semana pasada y la SMA de 50. Los osos están buscando un quiebre por debajo del soporte 99.20 y una posible extensión a los niveles 99.00 y 98.80. Los intentos alcistas pueden encontrar resistencia cerca de 99.65 y 100.00. Niveles Técnicos