Skip to main content

FOREX INSIGHTS 30-JAN

CURRENCY PAIR UPDATES WITH EQUIDIOUS RESEARCH

EUR/USD:

  • EUR/USD appears to have met a tough resistance in the 1.1450 region, where sits the key 100-day SMA.
  • Extra gains need the pair to clear this area on a sustainable note. The 1.1500 neighbourhood should then emerges as the next target.
  •  EUR/USD should remain unchanged while underpinned by the 1.1290 area, where coincide YTD lows and the short-term support line.

GBP/USD:

  • The recovery in the GBP/USD pair from weekly lows of 1.3058 lost legs just shy of the 1.31 handle, as the bears keep the upside attempts capped amid the return of the Brexit deal-related uncertainty. 
  • EU likely to reject May’s new plan, Cable could drop further to 1.3000.
  • All eyes on FOMC decision ahead of the UK-EU renegotiation.
  • UK PM May to renegotiate the Irish backstop with the EU, as Brady’s amendment was approved. 

USD/JPY:

  • The USD/JPY pair met with some fresh supply and is currently placed at the lower end of its daily trading range. 
  • The USD remains on the defensive amid dovish Fed expectations and does little to lend any support.
  • Focus remains on the latest FOMC monetary policy update and the high-level US-China trade talks.
  • Japanese Yen found some support from upbeat domestic data, showing that monthly retail sales jumped 1.3% y/y in December as compared to 0.8% expected but down slightly from the previous month's strong reading of 1.4%.

AUDUSD:

  • The one-month 25 delta risk reversals on the Aussie dollar, a gauge of calls to puts on the Australian currency, has hit the highest level since Dec. 19, indicating investors are unwinding bearish bets on the AUD. riday's settlement.
  • The demand for bearish bets, however, has weakened significantly in the last few weeks. This is evident from the fact that risk reversals stood at stood at -1.0 on Jan. 22 and -1.15 on Jan. 3.
Join 300,000+ traders who stay ahead of the market, submit your details with us by filling our CONTACT FORM.
For the Best Forex Signal| Accurate Stock Signal| Profitable Comex Signals, Try Equidious Research Services. We have a team of best and well experienced Research Analysts.

Enjoy Trading!
Labels:

Comments

Post a Comment

Popular posts from this blog

How Macro-Economics Affects Forex?

As the prefix “macro” in the name suggests, macroeconomics deals with the bigger picture. It is not only one specific economy that traders consider, but the implications in the overall global picture.  Forex market is primarily driven by overarching macroeconomic factors. These factors influence a trader's decisions and ultimately determine the value of a currency at any given point in time. GDP- Gross Domestic Product This is the measurement for goods and services that were finished over a period of time. GDP may be the most obvious economic report, as it is the baseline of a country's economic performance and strength.  The GDP is broken down into 4 categories: Business Spending Government Spending Private Consumption Total Net Exports Inflation Inflation is also a very important indicator, as it sends a signal of increasing price levels and falling purchasing power.  This is the measure of increases or decreases in pricing levels over a ...
Post a Comment
Read more

Learn Forex Carry Trade Strategies

What is a Carry Trade? A  carry trade  is when you buy a high interest currency against a low interest currency. For each day that you hold that trade your broker will pay you the interest difference between the two currencies as long as you are trading in the interest positive direction. Carry Trade Offers Two Ways To Profit The forex carry trade is a type of strategy in which traders sell currencies of countries with relatively low interest rates, and use the proceeds to buy currencies of countries that yield higher interest rates. Forex carry trading leverages the differences in interest rates between countries. For example, one country’s central bank may lower interest rates in order to create economic stimulation, while the central bank in another country maintains higher interest rates. In effect, the forex trader borrows money in one country with a lower interest rate, and invests it in another country with a higher interest rate, and keeps the differ...
Post a Comment
Read more

Trade War : Will it be helpful for US economy & sagging Dollar ?

De-globalization is the idea which picked up energy after BREXIT. Trump’s choice to force duties of 25% and 10% on steel and aluminum import will add to de-globalization talk. US, under Trump, has hauled out of Trans Pacific Agreement and began arranging NAFTA. Worldwide exchange has begun redirecting from way of multilateral exchange settlement to plurilateral exchange agreement. Forcing of levy by Trump, in bearing of US first arrangement, is probably going to harmed US and different economies associated with related exchange with Uncle Sam. Canada, Brazil, EU, China, Russia, UAE are the significant nations who are enjoyed exchange of both the wares. Car and development industry expends near 65-70% of US steel request. As per an article distributed in Reuters, a normal US vehicle devours 1-1.2 ton of steel .US steel generation cost is in the middle of $825-875 for each ton. In the event that we consider, imported steel cost in the middle of $650-750, 25% import ...
Post a Comment
Read more