Dollar Consolidation King, Corona Virus Supports Gold Non-Stop, Focus on Eurozone Data

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Here's what you need to know on Friday, February 21:

Corona virus continues to cause human and economic losses. China reported a 92% drop in car sales in the first half of February, halting most freight trains bound for Europe while urging companies to return to normal and promising support. Japan will cancel or postpone any overseas events for the next three weeks. The United States has issued a travel warning to the country. South Korea has confirmed military casualties and airlines will halt more flights. The country also designated two cities as "special care areas".

The mood of the market is somewhat opposite With the end of the week approaching, the US dollar maintained most of its gains. Gold prices continue to rise above the $1620 region, its highest level in seven years. The Japanese Yen found some strength after a massive sell-off.

Benefits U.S. dollar The numbers are optimistic, although some are minor in importance. The jump in the Philadelphia Fed manufacturing index to 36.7 points was the latest supporter of the dollar. Prepares PMI reports PMI Initial from Marquette is the subject of interest later today.

Has risen Japanese inflation, but when you remove the effect of the sales tax increase, it's still barely above 0%. PMI fell PMI The primary in Japan is below 50 levels, indicating continued deflation after the country recorded a decline in fourth-quarter growth.

The focus is on PMI reports PMI in the eurozone, especially the PMI PMI German manufacturing in the European morning. Economists expect a rollback of nearly all future measures amid the coronavirus outbreak. Reverse the minutes of the European Central Bank meeting ECB Which was published on Thursday the case of cautious optimism previously conveyed by policy makers. The German Finance Ministry said the outlook for trade remains weak. close pair EUR/USD EUR/USD Macron's 2017 "gap" by hitting the 1.0777 region and stabilizing since.

It is expected to go back PMI readings PMI in the UK In preliminary February reading after enjoying January's 'Boris Leap' - businesses reacted positively to Prime Minister Boris Johnson's victory. Thursday's release of better-than-expected retail sales for January failed to spur a meaningful rally. husband surrendered sterling/dollar GBP/USD The dollar strengthened and hit its lowest level since November before stabilizing.

pair fell Australian dollar/dollar AUD/USD Below the 0.66 region, hitting its lowest level since 2009. Coronavirus fears, dollar strength, rising unemployment in Australia, and finally the drop in PMI readings PMI Initially below 50 pips levels - indicating a contraction - which puts pressure on the Australian dollar.

Prepare numbers Canadian Retail The month of December showed modest increases. The Canadian dollar settled above the 1.32 region. Oil prices fell from their highs due to a larger-than-expected increase in crude oil inventories. Trading West Texas Intermediate Crude WTI Below the $54 area after forming a top.

she wore Cryptocurrencies From selling earlier this week, with trading Bitcoin Bitcoin Near the $9,700 area.


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