NZD/USD buyers stay in near-term control, helped by risk-on tone

NZD/USD buyers stay in near-term control, helped by risk-on tone

2022-01-19 • Updated

2021_01_25_10_18_26_Template1_Autosaved_PowerPoint.png

NZDUSDM30.png

2021_01_25_10_08_54_Template1_Autosaved_PowerPoint.png

AUDJPYM30.png

Ichimoku Kinko Hyo

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

EURJPYM30.png

Fibonacci Levels

XAG/USD: Silver is still struggling to move higher and remains above the 38.2% retracement area.

XAGUSDH4.png

EU Market View

Asian equity markets began the week with a mildly positive tilt whilst US equity futures rebounded from Friday’s losses, although upside was limited. Iraq plans to reduce oil output in January and February to compensate for breaches to the OPEC+ agreement in 2020.

Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy. At the same time, global equity markets have scaled record highs in recent days on bets COVID-19 vaccines will start to reduce the infection rates worldwide and on a stronger US economic recovery under President Joe Biden. Financial markets have been eyeing a massive package though disagreements have meant months of indecision in a country suffering more than 175 000 COVID-19 cases a day with millions out of work.

EU Key Point

  • Germany reports 6 729 new coronavirus cases, 217 deaths in the latest update today.
  • China is building border walls with Vietnam and Myanmar.
  • China's Global Times says large-scale tests of digital currency are planned for this year.

TRADE NOW

Similar

Trade Ideas on September  6-10
Trade Ideas on September 6-10

Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…

Latest news

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

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