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Market Analysis

February 4, 2021


1) AUD/USD Eases From Tops, Up Little Around 0.7625-30 Region
2) GBP/USD: Bears Seize Control Below 1.3600 Mark Ahead Of BoE
3) EUR/USD: Euro Set To Break 1.20 On Biden's Stimulus Strive, Levels To Watch
4) XAU/USD: Gold Seems Poised To Challenge 2021 Lows, Around $1800 Mark
February 3, 2021


1) RBA’s Dovish Outlook Forces AUD/USD To Reverse Recent Uptrend
2) GBP/USD: Confined In A Two-Week-Old Trading Range, Awaits BoE On Thursday
3) EUR/USD: Next Relevant Target for Bears Is Pegged Near 1.1930 Area
4) XAU/USD: Gold Rebounds On US Stimulus Progress But Not Out Of The Woods Yet
February 2, 2021


1) EUR/USD: Bulls Trying Hard To Defend 1.2060-50 Support Zone
2) XAU/USD: Gold Falters Near $1875-76 Resistance Zone
3) NZD/USD: Jobless Rate To Hit The Highest Since 2015
February 1, 2021


1) EUR/USD: Traders Seem Non-Committed, Eurozone/US PMIs Eyed For Some Impetus
2) GBP/USD: The Potential for Improvement in Growth and the Pound Is Considerable
3) XAU/USD: Gold Bulls Await Ascending Triangle Breakout
January 29, 2021


1) GBP/USD Bounces off Intraday Low to Regain 1.3700, Focus on Vaccine Jitters, Gamestop and China
2) XAU/USD: Gold’s Bearish Bias Intact While Below 200-DMA
3) XAG/USD: ‘Buy the Dips’ As Silver Looks to $27 and Beyond
January 28, 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


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


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


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

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