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

Note: Low and High figures are for the trading day.

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IBEX 35 Forecast: Price Consolidates as European Equities Struggle to Keep Up
2021-01-20 10:30:00
EURUSD and S&P 500 Reversal Stalls as Markets Navigate China GDP, Inauguration, Earnings
2021-01-20 06:00:00
Oil - US Crude
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices
2021-01-20 06:00:00
Crude Oil Latest: Trend Higher Still in Place Despite IEA Cutting Forecast For Demand
2021-01-19 13:30:00
Wall Street
Bearish
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High
of clients are net long.
of clients are net short.
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S&P 500, Dow Jones & Nasdaq 100 Charts – Continuing to Channel Higher
2021-01-20 13:30:00
Dow Jones Up on Yellen Stimulus Push; Hang Seng and ASX 200 May Climb
2021-01-20 01:30:00
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Gold Prices Rise to Critical Resistance on Inauguration Day
2021-01-20 12:00:00
Gold, Crude Oil Outlook: Weaker Dollar and Reflation Hopes Underpin Prices
2021-01-20 06:00:00
GBP/USD
Mixed
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of clients are net long.
of clients are net short.
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British Pound (GBP) Latest: Trend Higher Intact, UK Inflation Above Expectations
2021-01-20 09:00:00
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, NZD/USD
2021-01-19 20:40:00
USD/JPY
Bearish
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of clients are net long.
of clients are net short.
Long Short

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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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Real Time News
  • Reports of an explosion heard in Madrid - La Sexta TV Station
  • #Gold dropped quickly this morning, falling from $1,850 to below $1,835 before bouncing back. The precious metal is now trading around $1,850 again. $XAU $GLD https://t.co/gAs3ytl9g2
  • $EURGBP at risk of extended losses after breaking to the downside of a 12-month Symmetrical Triangle pattern and slashing through the support range at 0.8865 - 0.8875 A push towards 0.8670 - 0.8690 looks on the cards if sellers hurdle psychological support at 0.8800 $EUR $GBP https://t.co/zS9CyhUqMf
  • *Slight move higher in USDCAD
  • $EURCAD fell to its lowest level since the weekend following Canada December CPI print and ahead of the BoC's policy decision. $EUR $CAD https://t.co/wSzoYavl55
  • Slight move higher in $CAD following lower than expected CPI figures - Average of common, trim and median now 1.6% from 1.7% BoC next up where there have been some suggestion of a micro-cut. Although, analysts are widely expecting policy to remain unchanged
  • 🇨🇦 Core Inflation Rate YoY (DEC) Actual: 1.5% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-01-20
  • 🇨🇦 Inflation Rate MoM (DEC) Actual: -0.2% Expected: 0% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • 🇨🇦 Inflation Rate YoY (DEC) Actual: 0.7% Expected: 1% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-01-20
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 69.70%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AXmUqJ4OYi
Crude Weakness Still Within Confines of Bull Trend

Crude Weakness Still Within Confines of Bull Trend

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_oil_body_crude.png, Crude Weakness Still Within Confines of Bull Trend

Prepared by Jamie Saettele, CMT

“The rally from the 2/2 low is unfolding in an impulsive manner thus the decline from 10995 is viewed as a correction on the way to higher prices. The support ‘zone’ is 10675-10459. Specifically, the decline from 10995 is probably a 4th wave so the next rally would compose wave 5. In commodities however, 5th wave extensions are common. Objectives will be determined once evidence is sufficient to suggest that a low is in place.” Wave 4 appears complete, look higher as long as Wednesday’s low holds.

Bottom Line – Higher

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

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