January 2020

Weekly market roundup: coronavirus dominates and EU GDPs decline

With the coronavirus still causing borderline panic for many symbols, this morning’s key news was a decline in French and Italian GDP.

This week’s biggest events for forex markets are the meetings of the FOMC and the BoE.

Oil declined sharply this week while British and German PMIs gave the pound and euro some strength this morning.

The meeting of the Bank of Canada and claimant count change from the UK are the biggest events in forex markets this week.

Central banks in emerging markets surprised this week, with both Turkey and RSA cutting. Bitcoin also shot up to nearly $9,000.

GDP growth in Germany and China are two key releases this week. Others include Turkey and the RSA’s central banks on Thursday.

The dollar like many currencies has been somewhat more volatile this week on changing sentiment and events in stock markets.

News from Iraq has overshadowed the economic calendar so far this week, but traders are still looking ahead to Friday’s NFP.

Bitcoin has made gains against various currencies since the end of last week. Check out Exness’ technical analysis of bitcoin-won.