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Economic Data Puts the Greenback in Focus, while Coronavirus Jitters Linger

It could be another choppy day ahead for the majors. While economic data out of the U.S will influence, the majors will be in the hands of the news wires.

For the EUR

It’s a quiet day ahead on the economic calendar, with no material stats due out of the Eurozone to provide the EUR with direction.

A lack of stats will leave the EUR in the hands of the Oval Office and the news wires. While the focus will remain on the spread of the coronavirus, there is also the ongoing threat of U.S tariffs on the EU.

For the Pound

It’s also a quiet day ahead on the economic calendar, with no material stats due out of the UK to provide the Pound with direction.

The focus this week is on the Bank of England’s monetary policy decision and Brexit, as Britain prepares to enter the transition period

https://www.fxempire.com/news/article/economic-data-puts-the-greenback-in-focus-while-coronavirus-jitters-linger-628875

Calm amid China’s coronavirus storm, US data in spotlight

USD/JPY held onto minor recovery gains around 109.00 while the Antipodeans renewed multi-week lows. AUD/USD breached 0.6850 after the Australian NAB Business Survey disappointed.

EUR/USD traded close to 2020 lows on 1.1000 despite the upbeat German IFO survey. GBP/USD stalled its overnight bounce and traded flat in mid-1.30s, with all eyes on the Bank of England (BOE) base rate decision and post-Brexit trade talks with the EU

https://www.fxstreet.com/news/forex-today-calm-amid-chinas-coronavirus-storm-us-data-in-spotlight-202001280622

According to Trading Central (3rd party RIA) the GBPUSD could be heading DOWN to 1.2760 if it does not go ABOVE 1.3275

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10591008

Number of Lots: Required Margin: Risk Management (200%): Potential Profit/Loss 1.2760
1 € 3,939.18 € 7,878.36 € 2,358.72
5 € 19,695.90 € 39,391.79 € 11,793.60
10 € 39,391.79 € 78,783.58 € 23,587.20
25 € 98,479.48 € 196,958.95 € 58,968.00
50 € 196,958.95 € 393,917.91 € 117,936.00

According to Trading Central (3rd party RIA) the EURGBP could be heading UP to 0.8776 if it does not go BELOW 0.8362

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10582777

Number of Lots: Required Margin: Risk Management (200%): Potential Profit/Loss 0.8776
1 € 3,333.33 € 6,666.67 € 3,673.84
5 € 16,666.67 € 33,333.33 € 18,369.22
10 € 33,333.33 € 66,666.67 € 36,738.43
25 € 83,333.33 € 166,666.67 € 91,846.08
50 € 166,666.67 € 333,333.33 € 183,692.15

Important Notice!

As of 1 February 2020, “EuropeFX” is no longer a Corporate Authorised Representative (“CAR”) of Union Standard International Group Pty Ltd (“USG”), which holds an Australian Financial Services License (“AFSL”) # 302792.

As of 1 February 2020, “EuropeFX” is no longer a Corporate Authorised Representative (“CAR”) of Union Standard International Group Pty Ltd (“USG”), which holds an Australian Financial Services License (“AFSL”) # 302792.

Moving forward all of your trading services (as stipulated in the Terms of Business, FSG and PDS) will be provided to you directly by USG with exactly same business terms and user experience.

As the issuer of the CFD financial products and responsible financial services licensee, USG has been providing the underlying trading services which were made available to you through the EuropeFX platform. There will be no interruption or change to your trading experience.

All of your trading history, and all open position will remain open and will be reflected also in your new client area when you login on or after 1 February 2020. The only difference moving forward will be that all customer support and inquiries after 31 January 2020 will be provided by representatives of USG rather than EuropeFX.

As of the 1 February 2020, please contact UGS’s support team via email to [email protected] or via telephone: +61 2 9251 1416.

We thank you for your support and business to date, and wish you all the best for continued trading success.