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EUR/USD
Mixed
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US Dollar Outlook: EUR/USD Stumbles Lower as Fed Meeting Looms
2021-01-25 22:30:00
EUR/USD Still Susceptible to Larger Pullback as RSI Divergence Remains
2021-01-25 20:00:00
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Gold, Crude Oil Outlook: Big Week Ahead with FOMC, US Q4 GDP in Focus
2021-01-25 06:00:00
Markets Week Ahead: Nasdaq 100, US Dollar, Crude Oil, Fed, IMF, Tech Earnings
2021-01-24 16:00:00
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As a New Retail Trader Age Rises, Heed Tales of Past Manias
2021-01-25 18:30:00
Dow, VIX, Tesla and Leverage Reflect Greater Risk to the Relentless Bull Market
2021-01-25 00:00:00
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Gold Price Forecast: Precious Metal Consolidates Ahead of Next Big Move
2021-01-25 21:10:00
Gold Price (XAU/USD) Unable to Break Through Technical Chart Resistance
2021-01-25 12:00:00
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FX Week Ahead - Top 5 Events: UK Jobs, Australia Inflation, Fed Meeting, Mexico & US GDP
2021-01-25 19:30:00
US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success - US Market Open
2021-01-25 14:00:00
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FX Week Ahead - Top 5 Events: UK Jobs, Australia Inflation, Fed Meeting, Mexico & US GDP
2021-01-25 19:30:00
USD/JPY Price Analysis: Japan’s Tighter Lockdown and FOMC in Focus
2021-01-25 11:51:00
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Real Time News
  • BoJ Minutes: Members say YCC framework has been working well. A few members noted that active ETF buying should continue for time being -BBG
  • In her confirmation as Secretary of Treasury, Janet Yellen becomes the first person in American history to hold the triumvirate of Sec'y of Treasury, Fed Chair, and Chair of the Council of Economic Advisors.
  • Stocks may have brushed aside news the US fiscal package may not arrive before mid-March But, you know what didn't? Treasuries Average of 10Y and 30Y rates at lowest since late Dec Stopped right on the 20-day SMA Overall, coming off March 2020 peaks, but AUG uptrend holds https://t.co/wm0blgxT7D
  • The calls for stimulus will be strong in the United States between Secretary Yellen, Chair Powell and President Biden. Now, is that a benefit to the Dollar for relative risk or a detriment in inflation terms? https://t.co/gMyjKoBekO
  • Heads Up:🇨🇭 World Economic Forum Annual Meeting due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-26
  • Heads Up:🇯🇵 BoJ Monetary Policy Meeting Minutes due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-25
  • The Bitcoin/Ethereum ratio’s break to its lowest levels since August 2018 suggests that ETH may continue to outperform BTC in the coming weeks. Key levels to watch for Bitcoin and Ethereum. Get your $btc market update from @DanielGMoss here:https://t.co/mo3rw7bP4v https://t.co/UUbjzqhT1p
  • US Senate confirms former Fed Chair Janet Yellen as Treasury Secretary -AFP
  • 🇰🇷 GDP Growth Rate YoY Adv (Q4) Actual: -1.4% Expected: -1.7% Previous: -1.1% https://www.dailyfx.com/economic-calendar#2021-01-25
  • Majority of US Senate votes to confirm Janet Yellen as Treasury Secretary, voting will continue - BBG
FOREX Trading: Yen Crosses are Stretched

FOREX Trading: Yen Crosses are Stretched

Jamie Saettele, CMT, Sr. Technical Strategist

The long term USDJPY inverse head and shoulders breakout the week that ended 12/14 has led to immediate gains. The traditional measuring technique yields an objective of about 9362. Currently testing upward sloping channel resistance and the 100% extension of the rally from the record low (I’m interested to see how the week closes), this would be a good time for some consolidation. 8520 is of interest as support…ESPECIALLY if on a news spike (fiscal circus anyone?).

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com To contact Jamie e-mail jsaettele@dailyfx.com.

Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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