JPY and EUR are the top G10 FX gainers today, up 0.23% and -0.27% vs the dollar while NOK and SEK are the top losers, down -1.1% and -0.68% vs the dollar. Sterling fell as investors seek safe havens currency such as the U.S. dollar worried by the potential economic impact of coronavirus. Analysts are relatively positive on the U.S. economy compared to the rest.

The euro fell back $1.08 and the Aussie dollar also dipped to 11-year lows on the rapid spread of the coronavirus outside China. The Milan stock exchange had the worst day since 2016 as the virus pandemic reached northern Italy.

In the Asian equities space, Hang Seng closed -1.79% at 26820.88 and Kospi ended -3.87% at 2079.04. The European equities were trading weaker with the FTSE down -3.23% at 7165.01, DAX down -3.65% at 13083.04, and CAC down -3.51% at 5817.96. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 1.3922% and the Bund 10-year yield trading at -0.491%. In the energy space, the Brent (front month) is trading down (-3.78%) for the day at $56.29, the oil traders were also worried from the economic impact of the Corona

Get Real Time Forex Trade Ideas

Economic Calendar

10-year Yields Daily Chart (6-month)

Daily FX Pivots

Brent Crude Daily Chart (1-month)

Forex Chart and Technical Analysis

EURUSD Chart (Two-week)

Strategy: Support at 1.0799 for 1.0879

Short-term view: EUR/USD support comes in at 1.0799, MACD above zero and RSI is above 50. Hence we see an upside to 1.0912. Below 1.0799 to open 1.0751

GBPUSD Chart (Two-week)

Strategy: Support at 1.2836 for 1.2939

Short-term view: GBP/USD support comes in at 1.2836, MACD crossover suggests a bullish bias and RSI is above 50. Hence we see an upside to 1.2939. Below 1.2836 to open 1.2793

USDJPY Chart (Two-week)

Strategy: Resistance at 111.73 for 110.56

Short-term view: USD/JPY resistance comes in at 111.73, MACD crossover suggests a bearish bias and RSI is below 50. Hence we see a downside to 110.56. Above 111.73 to open 112.0

AUDUSD Chart (Two-week)