ForexLive Asia FX news wrap: Coronavirus spreads, FX majors moribund

Author: Eamonn Sheridan | Category: News

Forex news for Asia trading Tuesday 28 January 2020  

Official data from China showed a huge % jump in confirmed cases on the day. China's National Health Commission reported 1,771 new cases, taking the total confirmed in China to 4,515 cases and 106 deaths.

Here are the posts, read from the bottom up for chronology:


As the second part of the headline to the post says, forex ranges for the majors were small indeed. USD/CHF and USD/JPY are both a few points to the better despite the increase in cases confirmed and deaths. But, yes, the ranges were tiny. As was the case elsewhere for AUD, GBP, EUR, NZD and CAD.

Even gold did not do much, its down just a few cents net for the session ehre after trying a little higher. BTC has managed to hold its gains, some positive news out of Singapore for it on the day (see bullets above). 

Data focus was on the Australian business survey for December from National Australia Bank. Confidence and conditions both declined again. 


Forex news for Asia trading Tuesday 28 January 2020  

And, finally coronavirus summary of where we are at as of now:

  •  4,500+ confirmed cases
  •  106 fatalities
  •  976 in serious/critical condition
  •  60 treated and released
  •  Vast majority of cases in China
  •  15 countries reporting cases
  •  46 infections overseas

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