EUR/USD faces further appreciation during 2021

EUR/USD faces further appreciation during 2021

2021-01-14 • Updated

eurusd.png

EURUSDM30 (12).png

2021_01_13_10_02_15_Template1.pptx_AutoRecovered_PowerPoint.png

USDJPYM30 (8).png

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.

CADJPYM30.png

Fibonacci Levels

XAG/USD: Silver is consolidating below 38.2% retracement area but price action remains weak.

XAGUSDH4 (9).png  

EU Market View

Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicals. US President-elect Biden is to seek a deal with Republicans on COVID-19 relief instead of attempting to push through legislation without their support, according to sources. Looking ahead, highlights from macroeconomic calendar include EZ industrial production, US CPI, ECB's Lagarde, Fed's Bullard, Brainard, Harker, Clarida speeches. The House will vote on asking Vice President Pence to remove D. Trump from the president’s office. A vote on impeachment is possible for Wednesday in the likely event of Pence refusing. Merkel warns Germany may need another 10 weeks of lockdown, while a raft of Fed speakers will flesh out thoughts of when the best moment to start tapering bond purchases may be.

EU Key Point

  • Germany December wholesale price index comes at +0.6% vs +0.1% m/m prior
  • BOJ reportedly considering downgrading view of economy amid state of emergency
  • German health minister supports that It will not be possible to lift all restrictions in February
  • Germany reports 19,600 new coronavirus cases, 1,060 deaths in latest update today

                                                                                                  LOG IN

Similar

Euro May Start a Rally
Euro May Start a Rally

On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?

Latest news

Deposit with your local payment systems

Be on top of your game

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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