Forex News

USD/JPY remains on the back foot after Friday’s U-turn from the 10-month’s top. Rising cases of coronavirus outside China, especially in Europe, has been the major concern off-late. Chinese President, WHO keeps trying to placate traders but failed to boost trade sentiment. Off in Japan could keep traders searching coronavirus headlines for fresh impulse. USD/JPY…

China's growth seen at 5.6%, global growth down 0.1 pct point. IMF looking at scenarios of more persistent, widespread outbreak. Most G20 finance ministers in Riyadh mentioned risk from virus.   The world's top economies called on Saturday for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China's growth this…

Japanese Finance Minister Taro Aso said on Saturday that Group of 20 nations generally agreed on the need to coordinate in responding to the new coronavirus that emerged in China and has spread globally. Aso said he did not believe that risks to japan's economy have heightened dramatically but declined comment on recent weakness in…

AUD/USD fails to extend Friday’s pullback. Increasing coronavirus cases outside China weigh on markets. A lack of data/events at home will keep concerning news in the spotlight. AUD/USD declines to 0.6592 during the early Monday morning in Asia. In doing so, the pair remains on the back foot while extending losses after the gap-down to…

Risk-off markets here to stay as coronavirus threat strikes back with vengeance.  Yen de-coupling from risk-off flows and the weekly close above 110.31 to confirms the break. EUR/USD in profit-taking and reaching out for rescue towards 38.2% Fibo retracement.  US dollar heading into key US data, a potential minefield for the bulls.  The coronavirus remains front…

Alarming weekend reports on the spread of the coronavirus to keep markets in risk-off. Europe has been tarnished with the coronavirus which now participates in the world's 78,854 confirmed cases. Italy's confirmed cases surged from three on Friday morning to more than 130 by Sunday. EUR/USD bearish below 1.0899, a 38.2% retracement and prior support structure….

Here is what you need to know on Monday, February 24th: The American dollar edged lower at the end of the week, amid dismal US data triggering profit-taking. Business output contracted in the country for the first time since 2013. The greenback’s bullish trend remains in place, as the movements seem corrective. Coronavirus possible effects…

"The coronavirus is under control in the United States," US President Donald Trump said on Sunday and reiterated that he thinks Chinese President Xi is doing a good job combating the epidemic, as reported by Reuters.  On other coronavirus-related headlines, the Italian government on Sunday said it has now confirmed a total of 132 coronavirus…