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Market Analysis

January 28, 2021

28-Jan-2021

1) USD/CAD: Bullish Wedge Breakout Comes Into Play Ahead Of US Q4 GDP
2) EUR/USD: Weighed Down By ECB, Risk-Off Mood; Focus Shifts To US Q4 GDP
3) XAU/USD: Downside Appears More Compelling Below 200-DMA, US GDP Eyed
January 27, 2021

27-Jan-2021

1) AUD/USD: Bulls Shrug off Upbeat Aussie CPI, Await FOMC for Fresh Impetus
2) EUR/USD: Bulls Need To Wait For Sustained Move Beyond 1.2200, FOMC in Focus
3) XAU/USD: Gold Looks South Ahead Of the Fed Decision
January 26, 2021

26-Jan-2021

1) USD/JPY: Sellers Elusive Even As BOJ Minutes Sound Dovish, Take Note Of Yen Strength
2) GBP/USD Keeps the Red near Multi-Day Lows, below Mid-1.3600s Post-UK Jobs Report
3) EUR/USD: Weakens Of Dismal German Data, Downside Seems Limited Ahead Of FOMC
4) XAU/USD: Gold’s Upside Appears Limited Amid Strong US Dollar, Ahead Of Fed
January 22, 2021

22-Jan-2021

1) Fed Chair Jerome Powell Expected To Repeat Tapering Push Back At Next Week’s Meeting
2) XAU/USD: Gold Bears To Retain Control Below 21-DMA, Focus On Biden’s Speech
3) EUR/USD: Eyes Eurozone PMIs For Some Impetus After An Uneventful ECB Meeting
4) GBP/USD: Bullish Potential Intact, UK Retail Sales/PMIs Awaited
January 21, 2021

21-Jan-2021

1) Dollar on Back Foot As Biden Optimism Bolsters Riskier Currencies
2) EUR/USD: Investors Await ECB for Fresh Directional Impetus
3) GBP/USD: Bullish Technical Set-Up Favours a Move Towards 1.3800 Mark
4) XAU/USD: Gold to Face a Bumpy Road to the Upside Amid Stimulus Hopes
January 20, 2021

20-Jan-2021

1) XAU/USD: Gold Eyes Critical $1862 Resistance Ahead of Biden’s Inauguration
2) GBP/USD Clings to Gains near Weekly Tops, Moves Little Post-UK CPI
3) EUR/USD: Traders Seem Non-Committed, ECB Awaited
4) AUD/USD Refreshes Weekly Tops, Around 0.7740 Region
January 19, 2021

19-Jan-2021

1) USD/JPY Climbs to Three-Day Tops, Looking To Build On Momentum Beyond 104.00 Mark
2) EUR/USD: Bears Turn Cautious Ahead Of ECB Meeting On Thursday
3) XAU/USD: Gold Challenges 200-DMA On The Road To Recovery, Yellen Eyed
4) GBP/USD: Move Beyond 1.3700 Needed For Any Further Bullish Extension
January 18, 2021

18-Jan-2021

1) AUD/USD: Ranges Somewhat; Uptrend Under Some Strain
2) Crude Falls As US Rig Count Rises For The Eighth Week
3) GBP/USD: Bears Push Sterling To Oversold Conditions, Bounce On The Radar
January 15, 2021

15-Jan-2021

1) EUR/USD: Euro-Dollar Long-Term Bullish Breakout Points To 1.2750
2) XAU/USD: Gold Looks to Build On 2020 Gains with Central Banks Staying Dovish
3) USD/CAD: Holds Under SMAs Unable To Break Bearish Shackles

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