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January 21, 2025

Chart USD/ZAR Update: Leaning lower
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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
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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
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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
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January 21, 2025 11:06 AM UTC

Renewed tariff threats keep USD well supported 

FX Daily Strategy: N America, January 21st
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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
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January 21, 2025 9:32 AM UTC

Anticipated gains have reached resistance at 0.9450

Chart USD/CHF Update: Limited tests higher
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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
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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
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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
Freemium Article

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
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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
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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
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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
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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
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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
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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
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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
Freemium Article

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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

January 20, 2025

FX Daily Strategy: Asia, January 21st
Paying Article

January 20, 2025 10:00 PM 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 USD/MXN Update: Choppy at highs - studies under pressure
Paying Article

January 20, 2025 4:35 PM UTC

The test of the 20.9050 year high of 31 December 2024 has been pushed back sharply from 20.9350

Chart USD/CAD Update: Heightened volatility - studies under pressure
Freemium Article

January 20, 2025 4:17 PM UTC

Cautious trade has given way to a sharp fall from the 1.4485 current day high

FX Daily Strategy: APAC, January 21st
Paying Article

January 20, 2025 4:02 PM 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 GBP/USD Update: Smart run higher
Freemium Article

January 20, 2025 2:45 PM UTC

Cautious trade has given way to a sharp USD-driven bounce

Chart EUR/USD Update: Sharp bounce
Paying Article

January 20, 2025 2:38 PM UTC

Cautious trade has given way to a sharp run higher

USD flows: USD slumps on report tariffs to be delayed
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January 20, 2025 2:17 PM UTC

The WSJ reports that Trump won't immediately introduce tariffs, triggering a 1% USD decline

Chart USD Index DXY Update: Corrective gains to remain limited
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January 20, 2025 1:54 PM UTC

Cautious trade around congestion support at 109.00 is giving way to the anticipated move higher

Preview: Due January 21 - Canada December CPI - To fall on GST tax holiday
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January 20, 2025 1:35 PM UTC

We expect Canadian CPI to slip to 1.7% yr/yr from 1.9%, the fall largely due to a temporary supse4cuion of the Goods and Services Tax that will run from Mid-December through Mid-February. Bank of Canada Governor Tiff Macklem has stated that the tax suspension is expected to move inflation down to a

Chart USD/RUB Update: Consolidating - room for lower in the coming sessions
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January 20, 2025 12:31 PM UTC

Still little change

Chart EUR/PLN Update: Leaning lower
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January 20, 2025 12:15 PM UTC

Cautious trade is giving way to a drift lower

Chart USD/ZAR Update: Limited corrective gains
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January 20, 2025 12:03 PM UTC

Little change, as prices extend cautious trade above congestion support at 18.7250

Chart EUR/CAD Update: Extending gains
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January 20, 2025 11:41 AM UTC

Anticipated gains have broken above 1.4900 to reach 1.4925

Europe Summary and Highlights 20 January
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January 20, 2025 11:11 AM UTC

GBP weakened through the European morning, with EUR/GBP gaining 20 pips to 0.8460, once again in conjunction with a rise in UK yields.

Psychology for major markets January 20th
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January 20, 2025 11:05 AM UTC

USD awaiting Trump executive orders, GBP remains under pressure

FX Weekly Strategy: January 20th-24th
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January 20, 2025 10:00 AM UTC

Focus on Trump inauguration and any executive orders on tariffs
USD unlikely to benefit unless he goes ahead with tariffs on Canada and Mexico
GBP looks headed lower one way or another
JPY needs a BoJ rate hike to hold onto recent gains

Chart EUR/CHF Update: Immediate gains to remain limited
Paying Article

January 20, 2025 9:57 AM UTC

Cautious trade is giving way to a break higher

Chart EUR/JPY Update: Limited corrective gains
Paying Article

January 20, 2025 9:50 AM UTC

Cautious trade has given way to a move higher