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  • NY Fed Operating Policy Statement: - Will no longer offer regularly-scheduled one-month term repos - Term repo operations for February 2 and 9 will be the last regularly-scheduled ones - Cites sustained smooth functioning of short-term U.S. dollar funding markets #Fed #FOMC $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.57%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cn9Ae5xUC1
  • Heads Up:🇺🇸 Fed Press Conference due at 19:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-27
  • $DXY remains steady around 90.50 and US 10yr yields remain steady around 1.01% following no changes to FOMC policy. #Fed #FOMC $USD https://t.co/NhYv4pOTSo
  • FOMC Statement: - Asset purchases of $80b in Treasuries and $40b in Agency MBS to continue at current pace - Purchases will continue until "substantial further progress" has been made toward employment and inflation goals #Fed #FOMC $USD
  • FOMC Statement: - Ongoing health crisis will continue to weigh on economic activity, employment, and inflation in near term - Still poses considerable risks to the economic outlook in the medium term #Fed #FOMC $USD
  • FOMC Statement: - Pace of recovery in economic activity and employment has moderated in recent months - Path of economy depends on course of virus and progress on vaccinations #Fed #FOMC $USD
  • FOMC unsurprisingly leaves rates unchanged but weakens the language around the pace of recovery as they see growth moderating in recent months and in the future
  • FOMC: - Leaves interest rates unchanged at 0.00-0.25% as expected - No changes to pace of asset purchases #Fed #FOMC $USD
  • 🇺🇸 Fed Interest Rate Decision Actual: 0.25% Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-01-27

The US Dollar (ticker: USDOLLAR) and Japanese Yen were the worst performers in an eventful week for forex trading. Price momentum favors further USD and JPY losses, but caution is urged ahead of potentially difficult week of currency price action.

US Dollar Targets Losses, but Trading Defensively into January

A fresh wave of Quantitative Easing from the US Federal Reserve was enough to push the US Dollar (ticker: USDOLLAR) lower cross the board, and current price momentum leaves short-term trading outlook in favor of Greenback losses.

EUR/USD Just Below 1.3200 Without Major Threats…Or Catalysts

The euro's strength was robust and broadly distributed this past week. A combination of general (though modest) improvement in economic ...

Japanese Yen Remains Oversold - Elections, BoJ Meeting In Focus

The Japanese Yen continued to weaken against its U.S. counterpart, with the USDJPY advancing to a nine-month high of 83.95, and the December 16 elections may continue to weigh on the low-yielding currency as Liberal Democratic Party President Shinzo Abe pushes for an unlimited asset purchase program.

British Pound to Steady Amid Mixed CPI, BoE Minutes

Our attention is drawn to a future BoE governor, which when combined with the near-term fundamental backdrop necessarily suggests a “neutral” rating for the British Pound for the next week.

Gold Lacks Direction Following Historic FOMC Policy Shift - $1693 Key

Gold prices were slightly softer at the close of a volatile week with the precious metal off by 0.52% to trade at $1695 at the close of trade in New York on Friday.

Australian Dollar May Fall After US "Fiscal Cliff" Deal

The Australian Dollar may fall after US policymakers reach a widely expected deal to avoid the “fiscal cliff” as focus turns to the 2013 RBA rate cut outlook.

Forex_Weekly_Trading_Forecast_for_December_16_22_2012_body_Chart_1.png, Forex Weekly Trading Forecast for December 16 - 22, 2012

http://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2012/12/14/us_dollar_trading_forecast.html

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

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