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USD
The dollar weakened to most of its counterparts as Fed rhetoric, weak data, and Trump jitters were in play.
GBPUSD made a strong bounce after PM May's Brexit speech in the latest London trading session, allowing price to recover off the 1.2000 lows and create a reversal formation.
USD
Most dollar pairs were trading sideways as US traders were off on the Martin Luther King Day holiday.
EURJPY has been trending lower on its daily time frame, moving inside a descending channel formation and currently testing the resistance.
USD
The US dollar was off to a strong start this week on risk-off vibes in the markets.
EURUSD continues to tread higher, moving inside an ascending channel visible on its 1-hour time frame.
USD
The US dollar continued to slide as investors priced in concerns about the Trump presidency.
EURAUD continues to trade sideways, moving between support at the 1.4150 minor psychological level and resistance at the 1.4500 mark.
USD
The US dollar staged a sudden selloff when President-elect Trump delivered his first press conference during which he focused on a number of issues such as Russia's election hack, drug overpricing, and Mexico's automobile industry among many others but failed to share more fiscal policy details.
EURJPY had been trading between support at the 121.70 area and resistance at 123.75.
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2023 Martin Luther King Holiday Schedule
Due to the Martin King Holiday on 16 January, 2023, market activity and liquidity may be lower than usual....
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