Kickstart the FX buying and selling for Jan 12 with a technical take a look at the EURUSD, USDJPY and GBPUSD

The US PPI information right this moment got here in weaker than expectations. That information neutralize the stronger-than-expected CPI information from yesterday.

That inflation storyline is congruent with the value motion in currencies. There may be little upside. There may be little draw back. The small print on the economic system are combined. The buying and selling worth motion is combined as nicely.

It is Friday. Markets shall be closed for a three-day weekend within the US (Monday is Martin Luther King Day). Value motion is up-and-down risky. That will give some merchants the thought to take the time without work and see what occurs subsequent week.

Nevertheless, in case you do wish to “give it a go”, this video outlines the degrees which can be vital from a technical perspective (with the caveat that worth motion can be uneven/risky this week). The main target is on the three main foreign money pairs: the EURUSD, USDJPY and GBPUSD.

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