Daily News – 11 Feb 2020

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By: Stuart Cowell

Another record close for Stocks – EUR at 4 mth low, AUD recovers from 10 yr lows – nCoV – over 1,000 deaths and 43k infections – Overnight China offers more stimulus, more reports GDP cud be down over 1% 2020 – Powell, Lagarde & Carney ALL scheduled to speak to Today

USD Index – 7th consecutive day higher – trades at 98.74 (R1) – R2 98.92
EUR – 4mth lows and being dragged to 109.00 – trades at 109.09 – pp 1.0925, S1 1.0892
JPY – back to R1 at 109.90 – R2 110.00 – PP 109.72.
GBP – recovered 1.2900 yesterday – stalled 1.2940 – holds 1.2915 pp today – S1 1.2888, R1 1.2965
AUD – recovered from 0.6670 lows, over PP , 0.6700 and R1 – trades at 0.6715 – 200hr & r2 at 0.6725-30
CAD – back below 1.3300 – trades at 1.3295 – pp 1.330, S1 1.3292

BTC – broke $10,000 briefly yesterday – back to 9760 now – 12 north of 200-day MA

GOLD – back to 200hr & S1 at 1567, S2 1564, pp 1573
Oil – remains heavy but up over $50.00 – yesterday touched $49.40 again – trades at R1 $50.20 – pp 49.80

Equities – new all-time high 3352 up 24 pts – FUTS trade up at 3363

Today – UK GDP, Ind. Production & Trade Balance, EU Growth Forecasts, JOLTS reports – PLUS – Powell, Lagarde, and Carney all testify today – plus back up speeches from Haskel (BOE) and Kashkari & Quarles (FED)

Biggest (FX) Move overnight @ (07:00 GMT) AUDJPY (+0.53%) –Rallied from 73.20 lows yesterday, breaching 20hr MA & PP (73.35) at (23:00). Over 200hr MA (73.65) & R1 (73.70) by (05:00). MA’s and RSI both supportive, Stochastics overbought zone from 12:00 – topped at 95


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