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Market Analysis

January 21, 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


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


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


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


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
January 14, 2021


1) EUR/USD: Biden Knocks Euro Down; Powell May Send It over the Edge
2) Dollar Extends Rebound As Investors Await US Stimulus Details
3) GBP/USD: Third Time's a Charm? Why a New Attack on 1.37 Might Succeed
January 13, 2021


1) EUR/USD: Remains at the Mercy of USD Price Dynamics, Focus On Lagarde's Speech/US CPI
2) GBP/USD: Move Beyond 1.3700 Mark Should Pave the Way for Additional Gains
3) USD/JPY: Dollar-Yen to Keep Falling In the Year of Healing
4) XAU/USD: Gold Gathers Pace to Test $1872 Hurdle Ahead Of US CPI
January 8, 2021


1) USD/JPY: Dollar Keeps Strengthening Ahead Of the NFP Release
2) GBP/JPY: Finds Traction to Preserve Advances
3) EUR/USD: Bears Attacking Critical Support, Nonfarm Payrolls Trigger a Bounce
January 7, 2021


1) Dollar Retreats in Late NY on Political Tension in Washington
2) GBP/USD: Break below Mid-1.3500s to Pave the Way for Further Weakness
3) EUR/USD: Bulls Could Aim To Reclaim 1.2400 Mark amid US Stimulus Hopes

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