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EUR/USD
Mixed
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High
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EUR/USD Price Outlook - Sitting on Multi-Week Support Ahead of Busy Data and Events Week
2021-01-18 12:00:00
EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
2021-01-18 00:00:00
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Long Short

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Crude Oil Technical Outlook: Pullback at Hand Before Next Leg Higher?
2021-01-17 04:00:00
Crude Oil Prices In Focus Amid Fears of Falling Demand
2021-01-15 15:00:00
Wall Street
Bearish
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of clients are net short.
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Dow, Hang Seng, ASX 200 Outlook: China Q4 GDP, Stronger USD in Focus
2021-01-18 01:00:00
Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises
2021-01-17 13:00:00
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Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB
2021-01-18 15:00:00
Gold Price Outlook: XAU/USD Rebounds from a 6-Week Low. Now What?
2021-01-18 06:00:00
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Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
2021-01-16 22:00:00
GBP/USD Weekly Forecast: GBP/USD Rally Out of Steam?
2021-01-15 16:00:00
USD/JPY
Bearish
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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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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 66.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ElMUYZ7p9R
  • The rest of the New York trading session is absent major scheduled event risk with US markets closed for the Martin Luther King Jr holiday. There is always a risk of unscheduled developments
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 0.50% Gold: 0.41% Oil - US Crude: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eXSdZgvVeB
  • Despite China's better-than-expected 6.5% 4Q GDP report, $USDCNH is still up on the day. There is strong external influence on this rate, but Dollar still exerts the greater pressure. If it breaks 6.50 and Biden keeps pressure on China trade, I'll be watching https://t.co/5W5tcfeTZ5
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.19% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.02% 🇨🇦CAD: -0.16% 🇦🇺AUD: -0.25% 🇳🇿NZD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BrmnTuolx0
  • The Capitol of the United States has been temporarily shut down ahead of President-Elect Biden's inauguration out of caution
  • Another Dollar pair on my radar is $USDCHF. Its 20-day day correlation coefficient to EURUSD is -0.90 (very strong negative). If the latter's break is sustained, both have appeal. If it stalls (soon), USDCHF is still abiding its resistance which supports establishing levels https://t.co/Pcre3xCbYd
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.13% France 40: 0.11% Germany 30: 0.09% Wall Street: 0.07% FTSE 100: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ZXdpvpEJJ3
  • Germany's central bank (Bundesbank) warned earlier today in its monthly report that if the government extended its Covid lockdown, the country could suffer "a sizeable setback"
  • The US Dollar Index rallied more than 0.6% this week marking the second consecutive weekly advance. Get your $USD update from @MBForex here: https://t.co/hVshzMbc31 https://t.co/LG0HG9fQ4c
Forex Analysis: USD/JPY Classic Technical Report 12.18.2012

Forex Analysis: USD/JPY Classic Technical Report 12.18.2012

Ilya Spivak, Head Strategist, APAC

Prices gapped higher in the wake of Japan’s general election and promptly corrected lower, breaking through the 138.2% Fibonacci expansion at 83.97 to target the 123.6%level at 83.45. A further push below that exposes the 100% Fib at 82.61. The 83.97 level has been recast as near-term resistance, with a reversal above that targeting the 150% expansionat 84.39.

Forex_Analysis_USDJPY_Classic_Technical_Report_12.18.2012_body_Picture_1.png, Forex Analysis: USD/JPY Classic Technical Report 12.18.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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