USD strengths but for how long?

USD strengths but for how long?

2021-01-14 • Updated

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Ichimoku Kinko Hyo

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

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Fibonacci Levels

 XAG/USD: Silver is consolidating above 23.6% retracement area and price action remains weak.

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EU Market View

Asian equity markets traded mixed with cautious gains in the major regional bourses after the tech-rebound on Wall St. and better than expected Chinese trade data. Fed's Brainard said she expects Fed's current pace of asset purchases to remain appropriate for quite some time. Looking ahead, highlights from the macroeconomic calendar include ECB minutes, US weekly jobs data, OPEC, President-elect Biden is to unveil his stimulus package, Fed's Powell, Rosengren, Bostic, Kaplan speeches.

EU Key Point

  • Germany reports deadliest day of the pandemic with 1,244 deaths in latest update today
  • World Health Organization team has arrived in Wuhan to probe into the origins of the coronavirus
  • China's President Xi has asked Starbucks' Schultz to help promote US-China cooperation

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