The Currency Markets Are Disjointed During Asian Session

The recent trouble that the United States was part of and Australia joined in on over the Coronavirus has disturbed the currency markets. The Asian session is showing no clear direction and currencies that were trending have stopped in their tracks and reversed course. It looks like the big players have decided to hit the pause button and just cash in some of their profits. We will have to stay tuned to see what becomes of the dispute between China and Australia. The last thing I heard was that the two countries were trying to work on a diplomatic solution. The market might find some direction later tonight or during the London Session but it looks like The Asian session is taking a cooling off period.

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