Market are betting on fed rates in today mainly. If NFP comes stronger than expected, markets might plunge giving fed signal to raise interest as economy is healthy. However of it comes weak, markets will speculate fed might slow down rates. US Dollar Index could rebound towards the 114.80 high.
During last OPEC meet on Wednesday OPEC decided in its first...
AUDUSD is still in the long-term uptrend channel.
The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer.
From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan...
The U.S. Dollar Index ( DXY ) rise in the short-term, but will downtrend in the long term.
Jan.06 2021, U.S.Capitol riots
U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar.
U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend.
Reliability: 3-10 Markets Days.
GBPUSD is still in the Uptrend.
With the rebound of the US dollar index and the recent decline of non-US currencies, the British pound remains strong relative to other currencies, maintaining an upward trend. Currently, it faces the 1.37 integer mark and waits for a breakthrough.
In Jan.19 idea on the EURUSD: US Dollar Index is estimated to have a chance to fall...
EURUSD will Go Long in Mid-Term.
EURUSD in downtrend begin Jan.06, because U.S.capitol riots let be global markets money entry U.S.Dollar (Index).
EURUSD will Go Long in Mid-Term after Jan.20 U.S. presidential inauguration, and U.S.Dollar index will downtrend.
Jan.19. 2021
Reliability: 3-10 Markets Days
