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EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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ECB Elevates Currency War Risks, Retail Traders Claim Short Squeeze Victory - US Market Open
2021-01-27 14:35:00
US Dollar Technical Outlook Turning Positive: USD Charts to Watch
2021-01-27 13:30:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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Oil Price Reverses Ahead of Weekly Low as US Crude Inventories Fall
2021-01-27 20:00:00
Crude Oil Price Grinding Back to Multi-Month High on Positive Fundamentals
2021-01-27 12:00:00
Wall Street
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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Gold Price, Dow, DXY React to January 2021 Fed Rate Decision
2021-01-27 19:20:00
Why a Rise in Retail Trading May Signal Another Mania
2021-01-27 17:30:00
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Data provided by
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Gold Price, Dow, DXY React to January 2021 Fed Rate Decision
2021-01-27 19:20:00
Gold Price Remains Vulnerable as US Treasury Yields Continue to Fall
2021-01-27 15:00:00
GBP/USD
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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US Dollar Technical Outlook Turning Positive: USD Charts to Watch
2021-01-27 13:30:00
Sentiment Snapshot (UK): FTSE, GBP/USD, GBP/JPY
2021-01-27 12:39:00
USD/JPY
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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USD/JPY Probing Break to the Upside from Downward Sloping Channel
2021-01-27 16:00:00
US Dollar Technical Outlook Turning Positive: USD Charts to Watch
2021-01-27 13:30:00
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  • RT @IGSquawk: High short interest stocks: $GME 334.48 +126.27% $FIZZ 169.3 +31.01% $MAC 94.09 -9.96% $BBBY 22.37 +14.9% $LGND 49.43 +34.07%…
  • Heads Up:🇰🇷 Business Confidence (JAN) due at 21:00 GMT (15min) Previous: 82 https://www.dailyfx.com/economic-calendar#2021-01-27
  • The Euro is under pressure this morning following surprisingly dovish comments from ECB’s Knot, going against his typically more hawkish stance. Get your $EURUSD market update from @JMcQueenFX here:https://t.co/ySbYLIAvM5 https://t.co/KLEP03REcm
  • US equities hovering near session lows in wake of the FOMC statement and press conference from Fed Chair Powell. The S&P 500 Index is currently trading -2.7% lower with 30-minutes to go until the close. $SPX $SPY $ES_F #Stocks https://t.co/pT56yQF4md
  • Fed Chair Powell: -Have not made decision on removing bank restrictions -Some housing tightness is passing phenomenon -Large increases in home prices unlikely to be sustained -Corporate defaults have been fewer than expected -We haven't seen as much scarring as we feared
  • Fed Chair Powell: -Emergency lending facilities were very helpful to economy -Haven't talked with US Treasury about emergency tools
  • Federal Reserve holds its policy interest rate and pace of asset purchases steady as expected. Get your $XAUUSD market update from @RichardSnowFX here:https://t.co/8CIIMYDUtr https://t.co/0U48GH20aM
  • Fed Chair Powell: -World has been struggling with disinflationary forces for a while -US inflation dynamics won't change much over near term -More concerned about recovery than pickup in inflation -Inflation resembling past decades seems unlikely
  • Fed Chair Powell: -Talk of tapering asset purchases is premature -Just too early to be talking about dates on tapering bond buying plans -Tapering would be gradual when we do it -Whole focus on exit is premature $SPX $NDX $DJI $USD $DXY $XAUUSD $TNX
  • Fed Chair Powell: -Pandemic, new virus strains still provide considerable downside risks -Will take quite a while to get to herd immunity -Vaccine rollout likely to be a struggle -Nothing more important to economy now than vaccinations
Forex Strategy: Stay Short EURSEK

Forex Strategy: Stay Short EURSEK

Ilya Spivak, Head Strategist, APAC

I sold EURSEK at 8.7315 after prices completed a bearish Evening Star candlestick pattern at channel and 61.8% Fibonacci retracement resistance. I am expecting Risksbank to switch to a neutral policy stance after December’s rate cut while the ECB begins easing in 2013 as falling “PIIGS” bond yields mark normalization of monetary policy transmission. A break below support at 8.5511 exposes downside targets at 8.4047 and 8.1682. A stop-loss will be triggered on a daily close above 8.7941.

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