fxsoriginal  Daily market outlook on major

Update Time: 17 Jan2022 09:30GMT.

USD/JPY - 114.37

Although dollar's short covering rally after last Fri's selloff to a 3-1/2 week trough at 113.49 on active buying in yen signals recent decline from Jan's 5-year peak at 116.34 has made a temp. low there and range trading is in store, reckon 114.70/75 would hold and yield another fall, below 114.01 would yield re-test of said support later.

On the upside, only a daily close above 114.70 would risk stronger gain towards 115.05, break, 115.25/30.

Data to be released today

Japan machinery orders, tertiary industry activities, China industrial output, retail sales, GDP.
U.K. Rightmove house price, Italy CPI.
Canada leading index, U.S. Market Holiday and Canada manufacturing sales on Monday.

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to gains above 1.0700

EUR/USD clings to gains above 1.0700

EUR/USD has regained its traction and reclaimed 1.0700 in the American trading hours. The better-than-expected Pending Home Sales data from the US seem to be helping the market mood improve and making it difficult for the dollar tı stay resilient against its rivals.

EUR/USD News

GBP/USD erases daily gains, trades below 1.2600

GBP/USD erases daily gains, trades below 1.2600

GBP/USD has reversed its direction and retreated below 1.2600 in the second half of the day. Although the dollar stays on the back foot amid improving market mood in the American session, the pair is finding it difficult to gather bullish momentum. 

GBP/USD News

Gold bears eye $1,838 and $1,836 as next downside targets

Gold bears eye $1,838 and $1,836 as next downside targets

Gold Price is feeling the pull of gravity after less hawkish FOMC minutes released on Wednesday offered a brief reprieve to XAU bulls. Gold is extending the retreat from two-week highs of $1,870, as the US dollar clings onto minor recovery gains amid a cautious risk environment.

Gold News

Here’s the list of crypto exchanges that will support Terra’s LUNA hard fork

Here’s the list of crypto exchanges that will support Terra’s LUNA hard fork

Cryptocurrency exchanges are on board Terra’s LUNA hard fork and Do Kwon’s plan for the Terraform Labs token’s rebirth. Do Kwon has garnered support from leading cryptocurrency exchanges for the new Terra chain. 

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures