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  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.37% 🇨🇭CHF: 0.37% 🇬🇧GBP: 0.25% 🇯🇵JPY: -0.07% 🇦🇺AUD: -0.19% 🇳🇿NZD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/mrrJhI6OQD
  • Fed's Kaplan: - US economy to expand around 6.5% in 2021 - Vaccines will outpace growth of variants in the US #Fed $USD
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.21% France 40: 0.81% Wall Street: 0.42% FTSE 100: 0.32% US 500: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VMIGdHYoL4
  • The Treasury's FX Manipulator designation list is clear as of this morning's update yet the SNB reiterated currency intervention is necessary as part of its monetary policy but it's 'not manipulation'. Hmm.
  • The Pound faces short-term risks which are putting pressure on an overly optimistic start of the year. EUR/GBP buyers consolidate further upside momentum. Get your $EURGBP market update from @HathornSabin here:https://t.co/G4tNYbYSLE https://t.co/XPErcUKT8A
  • - Fed's dot plot of forecasts on rates isn't helping us - Markets are getting ahead of themselves in terms of expecting rate hikes
  • Fed's Waller: - I think the economy is "ready to rip" - Temporary factors will push up inflation, so long as expectations remain anchored we're ok - Fed isn't going to sit still and let inflation rip #Fed $USD
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Gold: 0.80% Silver: 0.72% Oil - US Crude: -0.68% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TSbPggx2CP
  • RT @NYFedResearch: The majority of businesses say they expect to see a rebound in revenues post-pandemic in response to special questions i…
  • Quite the jump in inflation expectations in the US. The five-year breakeven inflation rate holding near its multi-year high 2.55%. Expected change in Fed Funds rate through end of 2022 at 16bps (~65% probability of standard hike) https://t.co/tY9w29x6nb
Crude Closing in on 2012-2013 Channel

Crude Closing in on 2012-2013 Channel

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_oil_body_crude.png, Crude Closing in on 2012-2013 Channel

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-Crude dropped for a 5th consecutive day and is down 4 consecutive weeks. Price is at the line that extends off of the 9/30 and 10/23 lows.

-The 6/24 low at 92.68 is in line with the line that extends off of lows going back to Dec 2008.

Trading Strategy: Would be willing to strength into trendline resistance.

LEVELS: 91.63 92.68 93.65 | 96.03 98.74 100.25

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

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