Thursday, January 21, 2021

Risk Sentiment Lifts DAX For Renewed Probe Through 14000 Barrier

Dax index extends gains on Thursday as hopes of a large stimulus plan under new President boost risk sentiment, but traders focus the European...

EURJPY Faces Big Challenge Around 125.50, Lacks Direction In Medium-Term

EURJPY has gained little over the last sessions but it is still holding below the 20-period simple moving average (SMA). The technical indicators are...

AUD/USD Remains Near Weekly R1

Australia’s Dollar edged higher by 60 basis points or 0.78% against the US Dollar on Wednesday. The AUD/USD currency pair was pressured higher by...

GBP/USD Tests Rising Wedge Pattern

During today’s morning, the GBP/USD exchange rate has been testing the upper line of the rising wedge pattern. From a theoretical point of view,...

XAU/USD Trades At 1,875.00

The XAU/USD exchange rate has raised to the 1,875.00 level. It is likely that yellow metal could gain support from the 55-, 100– and...

Stocks, Pound Extend Gains And EUR/USD Steady As ECB Eyed

The EUR/USD was steady while the GBP/USD hit a new multi-year high on Thursday morning, as the US dollar fell further with more global...

Risk Appetite Continues To Find Tailwinds

Notes/Observations US stimulus hopes under the new Biden driving risk appetite (USD softer, equities higher) No surprises from various central bank decisions over the...

Asia Markets Rise As Biden Takes Over

Asian equity markets join in presidential honeymoon The FOMO buy everything trade was back in force overnight, with President Biden’s swearing-in unleashing another round...

Crude Oil Steady While Gold Rallies

Oil markets balanced between opposing forces Oil markets finished almost unchanged overnight, Brent crude ending 0.25% lower at USD55.70 a barrel, and WTI 0.10%...

Wall Street At Fresh Record As Biden Sworn In, Euro Up Ahead Of ECB

Hopes of more stimulus and relief over Biden’s peaceful transition lift sentiment US stocks close at new record highs as strong earnings add extra...