Gold: bouncing from local support
What's the upside target for gold now? Read the article and set your levels for the previous metal.
EUR/GBP targets with confidence higher
2021-01-18 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Silver breaks down many support levels and stands just above 23.6% retracement area.
EU Market View
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks. European stock markets are seen opening marginally lower Monday, starting the week on a downbeat note given Covid-related concerns, and not reassured by healthy-looking Chinese economic growth. China reported Monday that its economy grew 2.3% last year, as its gross domestic product rose by 6.5% in the fourth quarter from a year ago. Today's calendar sees a lack of tier 1 releases. US markets are closed for Martin Luther King Day.
EU Key Point
- UK vaccine deployment minister: Everyone will be offered a vaccine by September
- Japan's Nishimura says economy to return to pre-pandemic levels this coming fiscal year
- Germany reports 7,141 new coronavirus cases in latest update today
Gerasimos Papagiannis
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