CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.
Daily Market Analysis
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.
The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!
USD/CAD made big moves during the Bank of Canada’s meeting yesterday. Still, the rally may not be over yet.
The sideways trading of USD/CAD may be finally over after the meeting of the Bank of Canada at 17:00 MT time.
Things in the economic world seem to be getting better. Is it better for the USD as well?
The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.