FX MARKET REPORT 19.01.2021

FX MARKET REPORT 19.01.2021

FX MARKET REPORT 19.01.2021

Daily Commentary
Daily Commentary
FX MARKET REPORT 19.01.2021
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FX MARKET REPORT 19.01.2021

GBP/USD stays mildly positive while picking up bids above 1.3600,  remaining poised for additional gains amid favourable technicals.  200-HMA and bullish crossover keep the buyers hopeful. 100-HMA at 1.3625  is on sight amid bullish RSI. Brexit deal reaches the House of Commons  for revoting, UK-China tussle intensify. UK NHS Chairwoman fears the  pandemic will throw unpredicted problems. The incoming US Treasury  Secretary Janet Yellen’s speech, Brexit chatters and virus updates will  be the key amid light calendar. EUR/USD was last seen trading at 1.2110,  adding 0.30% on the day. The spot hit a daily high of 1.2119 and a  day’s low at 1.2074. Dollar Index was down 0.2% at 90.547, after edging  as high as 90.94 overnight for the first time since Dec. 21, although  trading was subdued with U.S. markets on holiday. USD/JPY was up 0.4% at  104.06 while the risk-sensitive AUD/USD was up 0.4% at 0.7711.

GBP/USD stays mildly positive while picking up bids above 1.3600,  remaining poised for additional gains amid favourable technicals.  200-HMA and bullish crossover keep the buyers hopeful. 100-HMA at 1.3625  is on sight amid bullish RSI. Brexit deal reaches the House of Commons  for revoting, UK-China tussle intensify. UK NHS Chairwoman fears the  pandemic will throw…

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