 Market moods turned sour again today as outbreak of the coronavirus seems to be getting more serious outside China. In particular, South Korea cases surged by 52 to 156. In China, there were 889 new confirmed cases yesterday, with total accumulated cases rose to 75465. China's Science and Technology said vaccine could be submitted for clinical trials around late April. But that's firstly too late for containing the outbreak. Secondly, markets just ignore such comments. In the currency markets, New Zealand and Australian Dollars are trading as the weakest for today while Yen recovers. However, Yen remains the weakest one for the week on concern of economic and political impact of the coronavirus that originated in China. Canadian and Dollar are currently the strongest for the week. Technically, 0.6583 projection level in AUD/USD will be a level to watch today. There is prospect of bottoming there, but sustained break will likely bring further downside acceleration. 1.0608 in EUR/CHF is another level to watch. Break there will resume larger down trend. More importantly, that might drag USD/CHF away from 0.9851 fibonacci resistance. In Asia, Nikkei is currently down -0.11%. Hong Kong HSI is down -0.73%. China Shanghai SSE rose 0.46%. Singapore Strait Times rose 0.01%. Japan 10-year JGB yield is down -0.0245 to -0.063. Overnight, DOW dropped -0.44%. S&P 500 dropped -0.38%. NASDAQ dropped -0.67%. 10-year yield dropped -0.045 to 1.525. | 
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