AUD/USD is trying to get back above the resistance at 0.7760.
EUR/USD declined below the support at 1.2155 and is trying to settle below the next support level at 1.2130.
The Aussie is currently straddling the midpoint of its range for the year at .7743 while the Kiwi is trading just below its same mid-point at .7232.
With gains capped by a weak Polar Vortex and strong LNG demand expected to underpin prices, look for a rangebound trade over the near-term.
U.S. Yields retrace
Trader reaction to 1.2187 will set the tone into the close.
The US 10-Year Treasury yield has been growing since August 4, 2020, when Russia announced a locally developed Covid-19 vaccine.
USD/CAD faced resistance near 1.2750 and pulled back.
Silver markets have used the 50 day EMA as support over the last couple of days, and the candlestick on Wednesday certainly shows more support as well.
Natural gas has seen significant support over the last couple weeks, but over the last two days we have seen a decidedly negative turn near the $2.80 level.
Silver failed to settle above the 20 EMA at $25.75 and pulled back.
Chart reading is essential for almost every trader to make decisions.
Meanwhile, Inflation Rate and Core Inflation Rate reports show that inflation remains under control.
The API reported late Tuesday a draw in crude oil inventories of 5.821 million barrels for the week ending January 8.
AUD/USD is trying to settle above the nearest resistance level at 0.7760.
Expectations are for a 131 Bcf draw
An American investor with no experience in forex trading got scammed recently.
Silver markets have gone back and forth on Tuesday as we continue to see the market trying to overcome the recent selling pressure.
The US dollar has gone back and forth on Tuesday, as we are levitating near a relatively high level in relation to the last few weeks.
The US dollar hit a more than one-week high of 90.33 amid soaring risk aversion, attributed to the House's plan of impeaching President Donald Trump.
WikiFX | News 2021/1/14 9:58:44
WikiFX | Industry 2021/1/14 0:37:42
WikiFX | Industry 2021/1/14 6:54:21
WikiFX | Industry 2021/1/15 6:37:55
WikiFX | Industry 2021/1/15 13:50:12
WikiFX | Industry 2021/1/15 5:34:57
WikiFX | Industry 2021/1/15 5:41:28
WikiFX | Industry 2021/1/15 7:11:20
WikiFX | Industry 2021/1/15 8:38:51
WikiFX | Industry 2021/1/15 9:23:14
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.