Heading into next week, all eyes will be on a January 4 OPEC+ meeting. The group is set to boost output by 500,000 barrels per day in January.
IndustryI think youd be better off in 2021 if you look at gold as an investment rather than a safe-haven asset.
IndustryEUR/USD is trying to settle above 1.2300.
IndustryGBP/USD gained strong upside momentum and is trying to settle above the nearest resistance level at 1.3625.
IndustryAs of November 30th, the annual inflation rate for the year 2020 is 1.17% (CPI). And it is not likely to get a whole lot worse anytime soon.
IndustryA lack of stats from the Eurozone and an early close for the CAC40 leaves China PMI numbers and updates from Capitol Hill in focus.
IndustryUSD/CAD declined below the support at 1.2775 and is trying to get below the next support level at 1.2750.
IndustryThe US dollar has plummeted against the Japanese yen, and other currencies as well. It looks as if the thin volume of course is helping the situation.
IndustryIf the upside momentum continues then look for a potential breakout over 1.2298. Due to the low volume, we may not see much of a follow-through move.
IndustryEconomic data from the U.S, stimulus news from Capitol Hill, and the UK Parliamentary vote on Brexit will be in focus today.
IndustryWhat holiday-related events impact the stock market? Consult and bookmark our stock market holidays calendar to keep track of key dates affecting shares.
IndustryTrader confidence is high on the US stimulus package, the EU-UK trade deal and the coronavirus vaccine rollout, suggesting further gains for ‘risk-on’ assets.
IndustryBoris Johnson‘s government will draft in the armed forces to help with coronavirus testing in schools, as pressure builds on the prime minister to delay students’ return after the holidays amid a surge in cases.
IndustryUSD/CAD managed to settle below the 20 EMA and is trying to settle below the next support level at 1.2800.
IndustryThe BOJ Summary of Opinions showed policymakers were divided on how far to go in tweaking its stimulus program.
IndustryUS dollar has rallied after initially falling on Tuesday against yen. Ultimately, the ¥104 level is an area above that could offer significant selling pressure.
IndustryThe trade deal that both sides of the English Channel say reflects a new era of cooperation is essentially a sideshow for the City of London, which is still awaiting its own seal of approval from the European Union.
IndustryWhen Prime Minister Boris Johnson advocates narrowing the gap between London and the rest of England -- what he calls “leveling up” -- this probably isnt what he has in mind.
IndustryIn todays analysis I will focus on the Japanese Yen, which is part of three very interesting setups.
IndustryGBP/USD is creating an increased price volatility between 1.3205 support and 1.35 resistance zones. That said, price action remains in a solid uptrend.
Industry
WikiFX
| Industry
2021/1/16 22:22:12
WikiFX
| Industry
2021/1/16 21:17:07
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