Easy Forex Daily Forex Report 20-01-2014
January 20, 2014 11:15 amVideo
Latest News
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
The EU Morning Report – Consumer sentiment sets the pace – 17 January 2013
Written by the easy-forex team
Currencies
The US dollar (USD) has found strong support at 104.20 against the Japanese yen (JPY) after falling from yesterday’s weekly highs. The dollar has proven resilient against downward pressure in the past few months. Building Permits and Consumer sentiment may fuel the pair’s movement over the afternoon.
Equities
US stocks opened lower with the US 500 (SPI) currently at 1837.76 after disappointing results from major constituents. Wall Street will keep an eye on today’s consumer confidence for future direction.
Commodities
Brent crude oil (BRT) fell to 105.45 where it found strong support in yesterday’s trading. Energy prices have been under pressure as supply considerations are eased.
Mover & Shaker with FX Options
Gold (XAU) has had a vibrant week rising to 1255.30 before falling to 1234.05 dollars per ounce. However gold investors were in no short supply to buy at the cheap and managed to bring up the price to 1243.60. As volatility picks up, investors are looking at safe guarding their capital.
Currency strategist at easy-forex
Forex trading involves substantial risk of loss, and may not be suitable for everyone.
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