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Coronavirus Jitters Surface as the Focus Shifts to Employment Numbers and the GBP

It’s a busy day ahead on the economic calendar, with employment and wage growth figures due this afternoon.

While the unemployment rate will garner attention, the focus will be on the claimant count and average earnings numbers.

Another set of disappointing figures will likely pave the way for the BoE to cut rates on Thursday.

On the Brexit front, the countdown continues, with 10-days remaining until Britain leaves the EU.

At the time of writing, the Pound was down by 0.02% to $1.3008.

According to Trading Central (3rd party RIA) the GBPJPY could be heading UP to 149.18 if it does not go BELOW 138.97

* Past performance is not a guarantee of future performance

Number of Lots:Required Margin:Risk Management (200%):Potential Profit/Loss 149.18
1€ 3,911.90€ 7,823.81€ 4,969.20
5€ 19,559.52€ 39,119.04€ 24,846.00
10€ 39,119.04€ 78,238.08€ 49,692.00
25€ 97,797.60€ 195,595.20€ 124,230.00
50€ 195,595.20€ 391,190.39€ 248,460.00

Coronavirus spreads to markets, BOJ optimistic for a change, Trump descends on Davos

Coronavirus: The virus continues spreading around China and markets are taking note. The risk-off environment is weighing on Asian stocks, especially after the World Health Organization confirmed human-to-human contraction and a fourth person has died. Heightened travel around the Chinese New Year may further spread the disease.

The Bank of Japan has left its interest rate unchanged as expected and raised growth forecasts. The government’s fiscal stimulus plan keeps the BOJ on the sidelines. USD/JPY has dropped on the combination of the bank’s optimism and concerns about the Coronavirus.

The UK publishes its jobs report in the European morning and economists expect another slowdown in wages, adding to the chances of a rate cut next week.

The German ZEW Economic Sentiment is forecast to show another improvement in business confidence in the old continent’s locomotive.

Trump’s impeachment trial begins in Washington with Republicans aiming for condensed timetable and a quick acquittal. US traders return from a holiday and trading volume is set to be robust.

According to Trading Central (3rd party RIA) the EURJPY could be heading UP to 125.03 if it does not go BELOW 120.05

* Past performance is not a guarantee of future performance

Number of Lots:Required Margin:Risk Management (200%):Potential Profit/Loss 125.03
1€ 3,333.33€ 6,666.67€ 2,501.00
5€ 16,666.67€ 33,333.33€ 12,505.00
10€ 33,333.33€ 66,666.67€ 25,010.00
25€ 83,333.33€ 166,666.67€ 62,525.00
50€ 166,666.67€ 333,333.33€ 125,050.00

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