Risk-on mood remains intact

Risk-on mood remains intact

2021-01-27 • Updated

2021_01_27_10_06_58_Template1_Autosaved_PowerPoint.png

AUDJPYM30 (3).png

2021_01_27_10_09_10_Template1_Autosaved_PowerPoint.png

EURJPYM30 (4).png

Ichimoku Kinko Hyo

CHF/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.

CHFJPYM30.png

Fibonacci Levels

XAG/USD: Silver consolidates between 23.6% and 38.2% retracement areas.

XAGUSDH4 (12).png

EU Market View

Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias. The global economy appears to be losing momentum a bit and there is no clear sign yet that COVID-19 infections are slowing even after vaccinations have started in some places. S&P500 futures were mostly flat, capped by caution ahead of the Fed's policy meeting as well as profit-taking on cyclical shares after stellar gains this month. The S&P500 is now trading at 22.7 times its expected earnings, near its September peak of 23.1 times, which was its most inflated level since the dotcom bubble in 2000. Today we expect U.S. Federal Reserve to stick to its dovish tone to help speed the economic recovery when it concludes its two-day policy meeting on Wednesday.

Looking ahead, highlights from macroeconomic calendar include German GFK consumer sentiment, US durables, FOMC rate decision and Fed Chair Powell press conference, NZ trade, ECB's Hakkarainen, Lane, and US. Earnings from Apple, Facebook, Boeing, Tesla, Blackstone.

EU Key Point

  • France January consumer confidence 92 vs 94 expected.
  • Germany reports 13,202 new coronavirus cases, 982 deaths in latest update today.
  • The White House will begin regular COVID-19 briefings again from Wednesday.
  • New US Treasury Secretary Yellen highlighted coordination with the Fed.
  • UK to require returnees to hotel quarantine from 30 countries.
  • US to purchase another 200m doses of coronavirus vaccines.

                                                                                          LOG IN

Similar

Nasdaq 100 (US100): Toward 17750
Nasdaq 100 (US100): Toward 17750

Bullish Scenario: Buy between 17515 and 17600 with TP1: 17681; TP2: 17720 intraday, and TP3: 17750 / 18000 in extension. Bearish Scenario in case of breaking the buying zone: Sell below 17500 with TP1: 17469; TP2: 17421, and TP3: 17358 in extension.

Latest news

USD Expected To Recover Some Strength
USD Expected To Recover Some Strength

In the early hours of Tuesday, the US Dollar faces challenges in maintaining its strength against major currencies, with the US Dollar Index struggling to surpass the 104.00 mark. Investors are eagerly anticipating the release of key economic data, including January Durable Goods Orders and the Conference Board's Consumer Confidence Index for February. Additionally, the economic calendar includes reports...

CAD: Price Delivery Suggests Strength
CAD: Price Delivery Suggests Strength

In the early hours of Tuesday, the US Dollar faces challenges in maintaining its strength against major currencies, with the US Dollar Index struggling to surpass the 104.00 mark. Investors are eagerly anticipating the release of key economic data, including January Durable Goods Orders and the Conference Board's Consumer Confidence Index for February. Additionally, the economic calendar includes...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera