Forex & Financial news and FxPro analytics

– Nasdaq-100 broke daily down channel – Likely to rise to resistance level 21850.00 Nasdaq-100 index rising inside the intermediate impulse wave (5), which started earlier from the support zone located between the key support level 20820.00 (former low of wave A.

– AUDCAD reversed from support zone – Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860.

US markets will be closed on Monday for Martin Luther King Day, affecting trading hours. Trump's inauguration may influence FX and global stocks. On Tuesday, the CAD may be influenced by CPI data. On Friday worth noting BoJ rate decision and EU PMI Flash releases.

The US dollar initially rose but came under pressure throughout the week. Chances that Fed will not cut rate this year has decreased. US indices experienced a correction but have since grown due to softer inflation figures.

The crypto market continues to grow, reaching $3.6 trillion. Bitcoin's price has surpassed $102,000 and could potentially reach $130,000 by the end of January.

– EURJPY broke support zone – Likely to fall to support level 158.00 EURJPY currency pair recently broke the support zone located between the key support level 160.200, (which has been reversing the pair from December) and the 50% Fibonacci.

– GBPCAD reversed from strong support level 1.7490 – Likely to rise to resistance level 1.7700 GBPCAD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Hammer from the strong support level 1.7490, which has been steadily.

Bitcoin briefly surpassed $100K before stabilizing below it, while XRP reached $3.20 before pulling back. The market is influenced by US economic data and the Ripple-SEC case.

– EURUSD reversed from key support level 1.0225 – Likely to rise to resistance level 1.0425 EURUSD currency pair recently reversed up with the daily Japanese candlesticks reversal pattern Morning Star (with the daily Hammer in its middle) from the.

– EURGPB reversed from multi-month resistance level 0.8445 – Likely to fall to support level 0.8380 EURGPB currency pair recently reversed down from the strong multi-month resistance level 0.8445, which has been steadily reversing the price from the start of.

UK inflation in December was slightly below expectations at 0.3%, but still remained above the target range at 2.5% annually. Core consumer inflation also remained high at 3.2%, indicating a lack of downward trend. Producer prices remained negative, potentially leading to rate cuts by the Bank of England. GBP/USD has seen some growth, but it is still too early to determine a major reversal.

XRP demonstrates a strong recovery and favourable court decisions, with active buying pushing its price back to the December peak area. Further gains could reach $4.40.