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technical analysis

A day after equity markets turned cautious, investor appetite was slightly bullish.

A lack of economic fundamentals has kept the markets flat. The coronavirus, however, is keeping investors on the edge with some fund managers claiming that market fears are overdone.

Fed Chair Powell gave his testimony to the US Congress, but it was broadly neutral.

French Economy to Expand 0.3% in Q1

The Bank of France forecast that the French economy will rise by 0.3% in the first three months of 2020. This comes after the GDP fell 0.1% in the fourth quarter of last year.

The report came following a monthly survey from the bank suggesting that the manufacturing confidence index was unchanged in January at 96.0.

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EURUSD Rebounds Off Lower Support

The euro currency is on track to close bullish after a long spell of declines. Price action bounced off the support area near 1.0897. This comes despite the Stochastics oscillator...


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