Ed Ponsi, CTA
FXStreet Contributor
You need to be logged in to view this content.
Latest Live Videos
Editors’ Picks
EUR/USD: Fed uncertainty and geopolitical turmoil behind dull trading Premium
The EUR/USD pair fell to a fresh January low of 1.1593, closing the week a handful of pips above the 1.1600 mark. Sellers defended the upside at around the 1.1700 level for a second consecutive week, despite broad US Dollar (USD) weakness.
GBP/USD: Pound Sterling remains under pressure against US Dollar Premium
The Pound Sterling (GBP) started off the week on a firm footing against the US Dollar (USD) and jumped to 1.3486 on Monday, following criminal charges against Federal Reserve’s (Fed) Chair Jerome Powell over cost overrun in the reconstruction of Washington’s headquarters.
Gold: Fed cut bets, geopolitical tensions underpin bullish impulse Premium
Gold (XAU/USD) extended its positive performance this week, at some point hitting all-time tops just above the $4,640 mark per troy ounce. Since then, the yellow metal seems to have entered a corrective mood, attempting at the same time some consolidation in the upper end of the range.
Bitcoin: BTC bulls remain strong amid institutional demand, risk-on sentiment improves
Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.
US Dollar: Recovery gathers extra momentum Premium
It was another constructive week for the US Dollar (USD), with the US Dollar Index (DXY) extending its steady climb and remaining firmly on the front foot so far this year. Indeed, the DXY pushed decisively back above the 99.00 mark, doing so with a fair degree of conviction.
Week ahead: US PCE and Davos in focus for Dollar traders – BoJ meets
US PCE, PMIs and remarks from Davos could impact Fed cut bets. BoJ to stand pat; focus to fall on guidance after election reports. UK CPI and retail sales data may confirm bets of more BoE cuts.