Upload
others
View
8
Download
0
Embed Size (px)
Citation preview
Date : 22-01-2021
Please refer to Disclaimer at the end of Report. www.venza.sg
Forex Market Insight
International Currency Buzz
Economic Calendar
GBP/USD Daily Chart
EUR/ USD Daily Chart
Daily Candlestick
EUR/USD
GBP/USD
The Pound US Dollar exchange rate remained just above the $1.37 level today as the pairing re-
mains strong on President Joe Biden’s first full day in office.
The US Dollar was down today as the new administration enjoys its first day in office.
With President Joe Biden expected to announce a $1.9TRN stimulus package to aid the damage of
the corona virus pandemic, risk-correlated currencies cheered as risk appetite increased and de-
mand for the safe-haven was down.
It’s expected that, if passed, rising federal government spending will lead to a wider U.S. budget
deficit and higher inflation.
The US Dollar was slightly supported today as the number of Americans filing for unemployment
declined to 900 thousand in the week ended January 16th, beating forecasts yet still well above
pre corona virus pandemic levels.
.
While markets expect the Eurozone’s coronavirus restrictions to last a while, the Euro US Dollar
(EUR/USD) exchange rate is benefitting from overall market sentiment today. Optimistic develop-
ments this week are dampening safe haven demand.
After opening this week at the level of 1.2075, EUR/USD briefly slipped to a month and a half
low of 1.2055.
Since then though, EUR/USD has been attempting a recovery rebound. A dip on political uncer-
tainty was short-lived yesterday, and EUR/USD is currently trending near the level of 1.2145 –
over half a cent above the week’s opening levels. If these stats impress, there is a good chance the
Euro to US Dollar exchange rate will end the week higher.
Demand for the US Dollar remains weak, as investors are more eager to take risks due to rising
US fiscal policy hopes and the global recovery outlook.
This alone makes the chances of further EUR/USD gains quite good.
Date : 22-01-2021
DAILY I-FOREX REPORT
Please refer to Disclaimer at the end of Report. www.venza.sg
ECONOMIC CALENDAR
Time Cur. Event Forecast Previous
Iforex Market Insight Report By Epic Research Singa-
Please refer to Disclaimer at the end of Report. www.venza.sg
Date : 22-01-2021
DAILY I-FOREX REPORT
EUR/USD DAILY CHART
GBP/USD DAILY CHART
BUY GBPUSD AT 1.3720 TGT 1.3770 1.3820 SL 1.3670
SELL GBPUSD AT 1.3670 TGT 1.3620 1.3570 SL 1.3720
BUY EURUSD AT 1.2180 TGT 1.2230 1.2280 SL 1.2150
SELL EURUSD AT 1.2115 TGT 1.2060 1.12010 SL 1.2165
Iforex Market Insight Report By Epic Research Singa-
Please refer to Disclaimer at the end of Report. www.venza.sg
Date : 22-01-2021
DAILY I-FOREX REPORT
DISCLAIMER
The information and views in this report, our website & all the service we provide are believed to be reliable, but
we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the
product/s that suits them the most.Sincere efforts have been made to present the right investment perspective.
The information contained herein is based on analysis and up on sources that we consider reliable. This material
is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report
does not provide individually tailor-made investment advice. venza research recommends that investors inde-
pendently evaluate particular investments and strategies, and encourages investors to seek the advice of a finan-
cial adviser. venza research shall not be responsible for any transaction conducted based on the information
given in this report, which is in violation of rules and regulations .
The share price projections shown are not necessarily indicative of future price performance. The information
herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to
venza research might be holding positions in the stocks recommended. It is understood that anyone who is
browsing through the site has done so at his free will and does not read any views expressed as a recommenda-
tion for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the
information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has
its own risks.
Head Office – Singapore
Address: 1, ONE Raffles Place, #44-01A, Singapore 048616
Singapore
+60-3502-19047
Date : 22-01-2021
DAILY I-FOREX REPORT