
The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.
Don’t waste your time – keep track of how NFP affects the US dollar!
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Gold is eyeing $2 000, the EUR has reached 1.70 and other interesting market movements.
EUR/USD is approaching the 61.8% Fibonacci level at 1.1820. If the pair crosses this level, it may surge to the next key psychological mark at 1.200. On the flip side, if it falls below the 38.2% Fibo level at 1.1370, it may drop even deeper to the low of July 8 at 1.1285.
XAU/USD surged to the all-time high at $1 930. Nobody even doubts that gold will reach $2 000. Anyway, support levels are at $1 885 and $1 868.
The aussie has formed a morning star, which is a bullish signal. If it crosses the high of July 22 at 0.7185, it will reach the high of April 7, 2019 at 0.7185. Otherwise, if it drops below the support at 0.7100, it will slump to the key psychological mark at 0.700.
The stock index has bounced back from the support at 3 190. If it breaks through the resistance at 3 270, it may surge to 3 325. In the opposite, the move below 3 190 will push the price to the low of July 7 at 3 135.
The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.
Jump in to get a short market wrap with fresh trade ideas!
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
The US will publish the advance GDP for the fourth quarter of 2020 on January 28, at 15:30 MT time.
Jump in to get a short market wrap with fresh trade ideas!
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
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