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20 Feb 2020

US Pres. Trump: Confident China is trying very hard' in handling coronavirus outbreak

In an interview with Fox 10 Phoenix late Wednesday, US President Trump praised China’s efforts in containing the coronavirus outbreak.

Key quotes:

“Well, I am confident that they are trying very hard.”

“I think the numbers are going to get progressively better as we go along.”

This comes amid fresh reports of a dramatic slowdown in the new coronavirus cases reported in the mainland that stands at the lowest since January, 25^th.

However, prevalent concerns about the global economic slowdown continue to weigh on the broader market sentiment, capping the renewed upside in USD/JPY. Meanwhile, the Aussie remains close to over a decade low amid increased RBA rate cut bets.

Feb 20, 2020

USD/JPY now shifted the focus to 112.00 – UOB

In light of the recent price action, USD/JPY could now head towards the 112.00 area, in opinion of FX Strategists at UOB Group. Key Quotes 24-hour vie

Gold Futures: Could attempt some consolidation near-term

According to advanced prints from CME Group for Gold futures markets, open interest rose for the fourth session in a row on Wednesday, this time by ne