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Dollar index at near 3-year high as yen sinks on stronger risk appetite

The U.S. dollar climbed on Wednesday to near a three-year high against a basket of other currencies and the safe-haven yen sank to a nine-month low as a decline in the number of new coronavirus cases in China and expectations for more policy stimulus boosted investors’ appetite for risk.

Strong U.S. data that could support the Federal Reserve’s desire to keep interest rates unchanged after lowering borrowing costs three times in 2019, supported the greenback.

https://www.cnbc.com/2020/02/19/forex-markets-euro-us-dollar-in-focus.html

Long-term extremes for EUR/USD, USD/JPY, AUD/USD, Gold amid coronavirus fears, USD rally

USD/JPY has been consolidating its gains well above 111 after soaring on Wednesday. A combination of data-related dollar strength, receding coronavirus fears, the triggering of stops, and a late reaction to dismal Japanese growth figures are behind the meteoric rise. The downbeat market mood is helping the yen stabilize.

https://www.fxstreet.com/news/forex-today-long-term-extremes-for-eur-usd-usd-jpy-aud-usd-gold-amid-coronavirus-fears-usd-rally-202002200703?

According to Trading Central (3rd party RIA) the USDJPY could be heading UP to 112.80 if it does not go BELOW 109.30

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10624469

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 112.80
1€ 3,089.28€ 1,544.64€ 913.00
5€ 15,446.40€ 30,892.80€ 4,565.00
10€ 30,892.80€ 61,785.60€ 9,130.00
25€ 77,232.00€ 154,464.01€ 22,825.00
50€ 154,464.01€ 308,928.02€ 45,650.00

AUD/USD has hit new 11-year lows at 0.6630 after Australia reported a disappointing increase in the unemployment rate to 5.3% in January. It is hovering around the lows last seen in 2009.

https://www.fxstreet.com/news/forex-today-long-term-extremes-for-eur-usd-usd-jpy-aud-usd-gold-amid-coronavirus-fears-usd-rally-202002200703?

According to Trading Central (3rd party RIA) the AUDUSD could be heading DOWN to 0.6500 if it does not go ABOVE 0.6780

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10624623

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 0.6500
1€ 3,076.36€ 1,538.18€ 1,251.18
5€ 15,381.78€ 30,763.55€ 6,255.90
10€ 30,763.55€ 61,527.10€ 12,511.80
25€ 76,908.88€ 153,817.76€ 31,279.50
50€ 153,817.76€ 307,635.51€ 62,559.00

EUR/USD is also near the 34-month lows of 1.0782 after having almost fully closed the “Macron Gap” from 2017. The European Central Bank’s minutes from the January decision may shed more light on the bank’s next moves. Germany’s weakness may prompt more stimulus. Details of the ECB’s strategic review are also eyed.

https://www.fxstreet.com/news/forex-today-long-term-extremes-for-eur-usd-usd-jpy-aud-usd-gold-amid-coronavirus-fears-usd-rally-202002200703?

According to Trading Central (3rd party RIA) the EURUSD could be heading DOWN to 1.0720 if it does not go ABOVE 1.0990

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10624201

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.0720
1€ 3,333.33€ 1,666.67€ 695.10
5€ 16,666.67€ 33,333.33€ 3,475.50
10€ 33,333.33€ 66,666.67€ 6,951.00
25€ 83,333.33€ 166,666.67€ 17,377.50
50€ 166,666.67€ 333,333.33€ 34,755.00

GBP/USD also dropped sharply to around 1.29 despite higher than expected inflation figures. The pound has come under pressure after EU ambassadors failed to agree on a position toward the UK in post-Brexit talks. UK retail sales are forecast to show an increase in January after two months of substantial falls.

https://www.fxstreet.com/news/forex-today-long-term-extremes-for-eur-usd-usd-jpy-aud-usd-gold-amid-coronavirus-fears-usd-rally-202002200703?