January 30, 2019




  • EUR/USD appears to have met a tough resistance in the 1.1450 region, where sits the key 100-day SMA.

  • Extra gains need the pair to clear this area on a sustainable note. The 1.1500 neighbourhood should then emerges as the next target.

  •  EUR/USD should remain unchanged while underpinned by the 1.1290 area, where coincide YTD lows and the short-term support line.


  • The recovery in the GBP/USD pair from weekly lows of 1.3058 lost legs just shy of the 1.31 handle, as the bears keep the upside attempts capped amid the return of the Brexit deal-related uncertainty. 

  • EU likely to reject May’s new plan, Cable could drop further to 1.3000.

  • All eyes on FOMC decision ahead of the UK-EU renegotiation.

  • UK PM May to renegotiate the Irish backstop with the EU, as Brady’s amendment was approved. 


  • The USD/JPY pair met with some fresh supply and is currently placed at the lower end of its daily trading range. 

  • The USD remains on the defensive amid dovish Fed expectations and does little to lend any support.

  • Focus remains on the latest FOMC monetary policy update and the high-level US-China trade talks.

  • Japanese Yen found some support from upbeat domestic data, showing that monthly retail sales jumped 1.3% y/y in December as compared to 0.8% expected but down slightly from the previous month's strong reading of 1.4%.


  • The one-month 25 delta risk reversals on the Aussie dollar, a gauge of calls to puts on the Australian currency, has hit the highest level since Dec. 19, indicating investors are unwinding bearish bets on the AUD. riday's settlement.

  • The demand for bearish bets, however, has weakened significantly in the last few weeks. This is evident from the fact that risk reversals stood at stood at -1.0 on Jan. 22 and -1.15 on Jan. 3.

Join 300,000+ traders who stay ahead of the market, submit your details with us by filling our CONTACT FORM.

For the Best Forex Signal| Accurate Stock Signal| Profitable Comex Signals, Try Equidious Research Services. We have a team of best and well experienced Research Analysts.

Enjoy Trading!

Share on Facebook
Share on Twitter
Please reload

Featured Posts

What's a good way to remember the difference between a bull and bear market?

January 29, 2020

Please reload

Recent Posts