Chart USD/ZAR Update: Leaning lower

January 21, 2025 12:29 PM UTC

Cautious trade has given way to a sharp USD-driven fall to support at 18.5000

Chart EUR/CAD Update: Sharp pullback, but studies rising

January 21, 2025 11:25 AM UTC

The anticipated test above 1.5000 has been sharply pushed back from beneath the 1.5060 monthly high of 18 December

Europe Summary and Highlights 21 January

January 21, 2025 11:08 AM UTC

The USD was generally stronger through the European morning session, except against the CAD and AUD, which held their own.

Psychology for major markets January 21st

January 21, 2025 11:06 AM UTC

Renewed tariff threats keep USD well supported 

FX Daily Strategy: N America, January 21st

January 21, 2025 10:07 AM UTC

Market to focus on Trump executive orders, with particular sensitivity to tariffs
AUD may have the most potential to extend Monday’s rally
CAD upside may be brief if CPI softens
GBP looks likely to remain under pressure

Chart EUR/CHF Update: Consolidating tests higher - studies improving

January 21, 2025 9:32 AM UTC

Anticipated gains have reached resistance at 0.9450

Chart USD/CHF Update: Limited tests higher

January 21, 2025 9:09 AM UTC

Anticipated losses have reached congestion support at 0.9050

Chart EUR/GBP Update: Consolidating gains - studies continue to rise

January 21, 2025 8:58 AM UTC

The test of resistance at the 0.8464 monthly high of 11 September and 0.8475, (GBP/EUR 1.1800), has given way to consolidation around 0.8455

Chart EUR/USD Update: Back in range - limited downside tests

January 21, 2025 8:37 AM UTC

The test of resistance at the 1.0436 weekly high of 6 January is giving way to the anticipated pullback

Chart GBP/USD Update: Back in range, but studies improving

January 21, 2025 8:30 AM UTC

The test of resistance at the 1.2352 weekly low of 2 January has given way to the anticipated pullback

Chart EUR/AUD Update: Extend choppy trade within the 1.6700/1.6500 area

January 21, 2025 8:10 AM UTC

Little change, as prices extend choppy trade around the 1.6600 level 

Chart AUD/NZD Update: Turned back from retest of 1.1100 high

January 21, 2025 7:58 AM UTC

Lower in consolidation from test of the 1.1100 level last week but choppy trade sustaining bullish gains from the 1.0933, December low

Chart GBP/JPY Update: Consolidating test of 190.00

January 21, 2025 7:34 AM UTC

Limited on break of the 190.00 level with bounce from the 189.32 low unwinding the oversold intraday studies

GBP flows: GBP steady after UK labour market data

January 21, 2025 7:25 AM UTC

UK labour market data much as expected. GBP steady but risks still to the GBP downside

Chart AUD/JPY Update: Extending consolidation above 96.00 level

January 21, 2025 6:58 AM UTC

Turned up from test of the 96.00 level to consolidate losses from above the 99.00 level

Chart USD/INR Update: Under pressure, 86.1950/85.9700 gap area attracts

January 21, 2025 5:38 AM UTC

Extending pullback from the 86.6475 all-time high and break of the 86.3125 support see the 86.1950/85.9700 gap area now attracting

Chart USD/CNH Update: Extending losses

January 21, 2025 5:20 AM UTC

 Prices remain under pressure the extend breakdown from the 7.3110/7.3000 support area towards the 7.2500 level

Asia Summary and Highlights 21 January

January 21, 2025 5:00 AM UTC

Trump's Executive Order begins
Trump suggesting 25% tariff on Canada on Feb 1 

Chart USD/MYR Update: Under pressure, room for deeper pullback

January 21, 2025 4:56 AM UTC

Consolidation around the 4.5000 level has given way to break lower

FX Daily Strategy: Europe, January 21st

January 21, 2025 4:46 AM UTC

Market to focus on Trump executive orders, with particular sensitivity to tariffs
AUD may have the most potential to extend Monday’s rally
CAD upside may be brief if CPI softens
GBP looks likely to remain under pressure

USD/JPY flows: Stay low before BoJ

January 21, 2025 3:50 AM UTC

Japan finance minister Kato expects BoJ to hit 2% inflation target with appropriate policy

Chart USD/IDR Updates: Lower in consolidation, room for deeper pullback

January 21, 2025 3:34 AM UTC

Lower in consolidation from the 16384 high as prices unwind the overbought intraday studies to reach the 16300 level

Chart USD/THB Update: Extending losses

January 21, 2025 3:20 AM UTC

 Prices remains under pressure to extend losses from the 34.84 high and see support at the 34.00/33.92 area now within reach

Chart USD/KRW Update: Under pressure

January 21, 2025 3:05 AM UTC

Under pressure as prices extend break of the 1450.00/1445.00 area and see room to the 1430.00/1428.00 support

Chart USD/SGD Update: Consolidating test of 1.3550/31 support

January 21, 2025 2:43 AM UTC

Steadied at the 1.3550/31 support as prices consolidate sharp break of the 1.3635 support and unwind oversold intraday studies

USD/CAD flows: Tariff Man Strikes

January 21, 2025 2:20 AM UTC

Trump suggesting 25% tariff on Canada on Feb 1 

Chart GBP/USD Update: Consolidating below 1.2352 resistance, room for higher

January 21, 2025 2:10 AM UTC

Break above the 1.2300 level has seen extension to approach the 1.2352 resistance

Chart EUR/USD Update: Consolidating retest of 1.0436, higher later

January 21, 2025 1:53 AM UTC

Break above the 1.0350 resistance has seen extension to retest the 1.0436 high of 6 January

Chart EUR/JPY Update: Extending corrective bounce

January 21, 2025 1:07 AM UTC

Extending bounce from test of the 160.00 level to reach 162.32 high as prices unwind oversold daily studies

Chart USD/JPY Update: Consolidating test of 155.00, break in focus

January 21, 2025 12:46 AM UTC

Consolidating test of the 155.00 level but pressure remains on the downside

Chart NZD/USD Update: Extending gains, poised for test of .6700

January 21, 2025 12:30 AM UTC

Extending gains from the .5540 low and break above .5650/55 congestion see room for retest of the .5700 level

Chart AUD/USD Update: Extending gains

January 21, 2025 12:16 AM UTC

 Consolidation at the .6200 level has given way to rebound and break above .6270 resistance see room for test of the .6300 level