Tumultuous Asia-Pac session as market.........>

FOREX: Tumultuous Asia-Pac session as market re-open and shed risk

- Another dire session for Asia-Pacific risk appetite (Taiwan resumed trade for

the first time since the Lunar New Year and immediately shed 6%) kept a bid

underneath haven FX, benefiting JPY and CHF headed into the NY crossover.

Trade-exposed currencies sank in tandem, with KRW, TWD and THB all bearing the

brunt.

- The Bank of England rate decision takes focus from here, with both analysts

and markets split down the middle on whether the MPC cuts rates by 25bps or

keeps policy unchanged. Headed into the decision, some key technical patterns

are forming in GBP/USD. A triangle formation could suggest break lower, but

there is the possibility of a 5th leg up before prices head down. Triangle top

is at 1.3148.

- Advance Q4 US GDP numbers are due as well as weekly jobless claims. The World

Health Organisation also meet to decide whether to deem the Coronavirus outbreak

as a public health emergency, compelling member states to take decisive action.