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  • Gold holding steady as stocks, dollar remain relatively flat during trade $XAU $USD https://t.co/DOS8MlnGWa
  • The US economy will be in particular focus over the coming days, with the first Federal Reserve rate decision of the Biden presidency and the initial Q4’20 US GDP report on the docket. Get your market update from @CVecchioFX here:https://t.co/IsXHxRNVvv https://t.co/xnYIDGwvDL
  • Germany will not be able to stick to debts limits in constitution for years - Handelsblatt
  • The FTSE 100 has extended its pullback from trendline resistance (stemming from the 2009 low) with the index shedding 0.6% for the week. Get your #FTSE market update from @JMcQueenFX here:https://t.co/ZH3mu1MlEx https://t.co/NHPRYQIVDB
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: -0.01% Oil - US Crude: -0.02% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ra1oz2gMJz
  • WTI Crude futures settle up 0.96%, at $52.77 - BBG
  • I'm not usually big with head and shoulders patterns but there are conflicting signals in $USD atm. 1st chart here is on h4 and it's a h&s with neckline ~ 90. 2nd chart is on h8, and its an inverse h&s with neckline ~ 91. Given calendar, a break this week can def happen. https://t.co/EuuD7kFDVP
  • 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 66.31%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lXqkGmTKFc
  • Today was the 'quiet' session of the week with only a few high profile indicators on tap. The high profile fundamental themes start up in earnest tomorrow (including the IMF's WEO). We will see how speculative charge for the likes of GME competes with global growth forecasts
  • US Dollar Head and Shoulders Pattern, Focus on USD/CAD, NZD/USD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2021/01/25/US-Dollar-USD-Head-and-Shoulders-Pattern-Focus-on-USDCAD-USD-CAD-NZDUSD-NZD-USD.html https://t.co/FzJjpcePv3
US Dollar at the Verge of a Major Breakdown

US Dollar at the Verge of a Major Breakdown

David Rodriguez, Head of Product

EURUSD - Euro Looks Increasingly Likely to Break Higher

GBPUSD - British Pound May have Made a Lasting Low

USDCAD - Canadian Dollar Likely to Gain further versus US Dollar

AUDUSD - Australian Dollar Forecast to Hit Fresh Peaks

NZDUSD - New Zealand Outlook Depends on this Shift

XAUUSD - Gold Prices Forecast to Hit Further Highs

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Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar at the Verge of a Major Breakdown

A substantial shift in retail forex trading sentiment warns that the US Dollar may soon break significantly lower. Here are the currencies and commodities we’re watching.

Why and how do we use the SSI in trading? View our video and download the free indicator here

US Dollar at the Verge of a Major Breakdown

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

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