Dow Threatens Breakdown, AUDUSD At 10-Year Low as Coronavirus Overrides FOMO

Dow, VIX, AUDUSD Talking Points:

• Risk aversion was pervasive Friday with the blue chip risk leading Dow marking a high profile technical breakdown
• The fundamental theme most referenced as the market retreats is the spread of the Wuhan China coronavirus which does pose economic risk
• Health of the global economy can prove a more tangible threat in the week ahead, but monetary policy and trade carry virus exposure

See how retail traders are positioning in the Dow, crude oil and Yen crosses as we see the threat of a bear trend swell using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)

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