
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
New airstrikes in Syria. At night two additional areas were attacked. The US denies their participation. However, there was no specific reaction in the markets.
This week FOMC’s members give speeches. Traders, pay attention to their announcements.
However, the aussie did not react a lot. The AUD/USD pair is still above the pivot point of 0.7770. No important data for the aussie is anticipated in next several days, however, if the USD continues to fall, the AUD has chances to break the resistance at 0.7790.
The GBP/USD pair reached the resistance at 1.4376 but rebounded. We can expect the movement to the support at 1.4303. If bears are stronger than bulls, the next support for the pair is at 1.4263. However, according to the Ichimoku cloud, the uptrend will be resumed soon. It will continue for at least several days.
However, if the report brings something unexpected for the CAD, the USD/CAD will rise. The resistance is still at 1.2622.
There is no change in the direction of other currencies.
That is all for today. Follow markets news with us!
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
The British monthly GDP is announced on Friday at 09:00 MT time.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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