FX Breakout Monitor: Oil-related FX in full retreat
The strongest currency at the moment is the Euro, which has leaped higher versus the US dollar but still far from upside breakouts due to the long recent sell-off. The same goes for USDJPY, but EUR crosses elsewhere are breaking higher, led by EURAUD and EURNOK, but the oil-sensitive CAD is also tumbling as oil prices plunge.
Commodity outlook webinar
We take a closer look at the how the coronavirus outbreak has rattle the commodity market with growth dependent and safe haven commodities moving in opposite directions