Ubaidahsan Americas FX information wrap 22 Jan.. The USD rises with greater yields. Shares greater.

• S&P can not shut at a brand new excessive. New intraday excessive reached.
• What financial releases and occasions will spotlight buying and selling within the new buying and selling day
• The CME will launch Ripple and Solana futures
• Gary Cohn says Trump does not imagine that tariffs will trigger greater costs
• Crude oil settles at $75.44. Exams 200 day MA at session lows
• MUFG: USD/CAD rise to 1.50-1.60 vary on broad 25% US tariffs
• Oracle continues its run to the upside. What now technically for the inventory?
• ECB’s Holzmann says it will be higher to attend a bit longer on fee cuts
• Sam Altman will get combative with Elon Musk on Twitter
• US sells 20-year notes at four.900% vs four.911% WI
• European fairness shut: FTSE 100 fades to complete on the lows, ending 5-day profitable streak
• Trump threatens Russia with tariffs if Putin does not settle warfare
• Deutsche Financial institution sees ‘very actual chance’ that Canadian greenback exams all-time low
• Morgan Stanley: What we count on from the January FOMC
• US December main indicators -Zero.1% vs Zero.Zero% anticipated
• 10% tariffs on China definitely is not the worst-case situation
• Canada December producer worth index +Zero.2% vs +Zero.6% anticipated
• Kickstart the FX buying and selling day for Jan 22, w/ a technical take a look at the three main foreign money pairs
• ECB’s Makhlouf: Excessive ranges of uncertainty name for prudence in mon pol
• ForexLive European FX information wrap: Greenback good points dispelled, ECB reinforces fee minimize path

it was a quieter day within the US after a few days of Trump fireworks. The financial calendar was mild with main indicators falling once more after rising for the primary time since February 2024. Previous to that rise the index hadn’t had a constructive quantity since March 2022. The index is a everlasting adverse searching for a recession that simply hasn’t occurred.

Canada producer costs got here in decrease than expectations of Zero.2% versus Zero.6%. With issues about tariffs, the value of the USDCAD moved again to the 100/200 hour MAs between 1.43848 and 1.43912 on two separate exams together with within the final hour of buying and selling right this moment. Within the new buying and selling day, getting above these shifting averages would tilt the buys extra to the upside. At session lows right this moment, the value did maintain in opposition to assist swing space between 1.42899 and 1.4304.

The USDJPY moved greater in buying and selling right this moment forward of the BOJ fee determination on Friday (est Zero.25% hike?). THe worth is closing above the 200 hour MA at 156.46, however momentum on the break has been restricted. Nonetheless, if the value can keep above that shifting common, the patrons would have extra management.

The EURUSD peaked right this moment close to the 61.eight% of the transfer down from the December excessive and in addition close to the swing space between 1.0448 and 1.0461. The sellers leaned in opposition to the extent and pushed the value decrease within the US session and again towards the 50% retracement on the hourly chart at 1.0403. The 50% of the vary since 2022 low can be close to that degree at 1.0405. So with each 50% ranges close to the identical degree, the 1.0403 space will likely be a key barometer within the new buying and selling day. Keep above is extra bullish. Transfer beneath is extra bearish.

Wanting on the USD vs the key currencies, the buck was greater vs all of them. THe modifications on the day of the USD vs the key currencies exhibits:

• EUR, +Zero.19%
• JPY, +Zero.66%
• GBP, +Zero.31%
• CHF, +Zero.06%
• CAD, +Zero.41%
• AUD, unchanged
• NZD +Zero.19%

Taking a look at different markets on the finish of day, US shares closed greater with the S&P making a brand new intraday greater at 6100. The good points couldn’t be sustained and the value closed beneath the excessive closing degree as effectively at 6090.27 (closed at 6086.37).

The ultimate numbers for the key indices are displaying:

• Dow industrial common rose 130.92 factors or Zero.30% at 44156.73.
• S&P index rose 37.13 factors or Zero.61% at 6086.three index must close7. The document excessive shut is at 6090.27. The intraday excessive right this moment of 6100.81 is the brand new intraday excessive worth.
• NASDAQ index rose 252.56 factors or 1.28% at 20,009.34.
• Russell 2000 fell -14.24 factors or -Zero.61% at 2303.71. The Russell 2000 was on a six -day win streak. That was damaged with the decline right this moment.

US yields are closing greater regardless of a powerful 20 yr bond public sale with the excessive yield -1.1 foundation factors beneath the WI degree and the Bid to cowl at 2.75X comfortably above the 6 month common of round 2.5X . The ultimate numbers are displaying:

• 2 yr four.299%, +1.9 foundation factors
• 5 yr four.438%, +four.1 foundation factors
• 10 yr four.613%, +three.9 foundation factors
• 30 yr four.826%, +2.four foundation factors

This text was written by Emma Wang at www.ubaidahsan.com.



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