Kickstart the FX buying and selling day for Jan 16 w/ a technical have a look at EURUSD, USDJPY & GBPUSD

The retail gross sales management group (feeds into GDP) and Philly Fed Manufacturing index had been stronger than anticipated and that helped to push the EURUSD and the GBPUSD decrease (greater USD) however solely modestly.The US preliminary jobless claims noticed rebounded greater however stays near the decrease finish of the current vary.

The EURUSD moved down to check its 100 hour MA at 1.0265. The GBPUSD is decrease and trades under its 100 hour MS at 1.2201, however worth motion in that pair is sloppy (however decrease).

The USDJPY moved decrease within the Asian session and merchants again off forward of the BOJ fee determination later this month, however was helped modestly by the info.

THe above video goes via every of these foreign money pairs in additional element on your buying and selling in the present day outlining the nice, the dangerous and sure, even the ugly.

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



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