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of clients are net long.
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  • $EURGBP is currently testing around the 0.8910 level, an area that has served as a key level of resistance this week. $EUR $GBP https://t.co/Uc34HhPjVD
  • 🇨🇦 Retail Sales MoM (NOV) Actual: 1.3 Expected: 0.1% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-01-22
  • What are some factors affecting the USD this quarter? Get your free forecast here: https://t.co/7G7pWntiyY #DailyFXGuides https://t.co/QRHi5s8Vm8
  • 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 66.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fEJdLlUmtf
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.11% 🇯🇵JPY: -0.29% 🇨🇦CAD: -0.59% 🇳🇿NZD: -0.62% 🇦🇺AUD: -0.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ab9DM9x8QV
  • Heads Up:🇨🇦 Retail Sales MoM (NOV) due at 13:30 GMT (15min) Expected: 0.1% Previous: 0.4% https://www.dailyfx.com/economic-calendar#2021-01-22
  • #Gold has fallen this morning, now trading back around $1,840. The precious metal had hit its highest level since the early January selloff yesterday as it tested around $1,870. $XAU $GLD https://t.co/AP8aqLSvOs
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here: https://t.co/H19vRDCpUJ https://t.co/CRFKPoTOdL
  • 🇲🇽 Mid-month Inflation Rate YoY (JAN) Actual: 3.33% Expected: 3.17% Previous: 3.22% https://www.dailyfx.com/economic-calendar#2021-01-22
  • 🇲🇽 Mid-month Inflation Rate YoY (JAN) Actual: 3.33 Expected: 3.17% Previous: 3.22% https://www.dailyfx.com/economic-calendar#2021-01-22
Technical Trade Levels: Dollar, EUR/USD, USD/JPY, USD/MXN, SPX & Gold

Technical Trade Levels: Dollar, EUR/USD, USD/JPY, USD/MXN, SPX & Gold

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

S&P 500 Testing Critical Resistance Pivot – Dollar Gains Could be Limited

As the economy slowly begins to reopen, market participants are focused on incoming data as it pertains to the spread of Covid-19 and the impact on consumer spending. The S&P 500 is testing a critical resistance pivot for the second time and our focus is on a reaction here with the rally at risk while below 2932. The US Dollar majors are mixed with a breakout in USD/JPY fueling a rally early in the week while Euro, Sterling and Swissy continue to range in early New York trade. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,GBP/USD, USD/JPY, USD/MXN, Gold(XAU/USD), S&P 500 (SPX500), AUD/USD, AUD/NZD and EUR/JPY.

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Feb 01
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Key Event Risk This Week

Economic Calendar - Key Data Releases this Week- Event Risk

Economic Calendar - latest economic development and upcoming event risk

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---Written by Michael Boutros, Currency Strategist with DailyFX

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

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