Bảng Tin tức Forex

WTI picks up bids while keeping the previous day’s recovery moves.Monday’s bullish Doji backs sustained trading beyond key supports.RSI conditions can challenge bulls around monthly high.WTI rises to $53.12 during the initial Asian session trading on Wednesday. In doing so, the energy benchmark extends Tuesday’s recovery moves from 10-day SMA while staying above 21-day SMA and an upward sloping trend line from early November. Considering the strong RSI conditions, a bit lower than the overbought area, coupled with the quote’s successful trading above key support, a continuation of the uptrend can’t be ruled out. It should also be noted that Monday’s bullish Doji formation also favors the black gold’s further rise. However, the $53.86-93 area comprising the monthly high, followed by the $54.00 round-figure will challenge the WTI buyers. Should RSI stay away from the overbought area beyond the $54.00 threshold, February 2020 top near $54.70 will gain the market’s attention. Alternatively, a downside break of 10-day EMA, currently around $52.20, needs to defy Monday’s doji with a clear decline below $51.80 to convince short-term sellers. Even so, 21-day EMA and the stated support line, respectively near $50.80 and $50.50, will challenge the WTI sellers ahead of the $50.00 psychological magnet. To sum up, WTI justifies its upside momentum while staying above key short-term support amid strong RSI conditions, which in turn directs the energy buyers towards the early 2020 tops. WTI daily chart Trend: Bullish  

GBP/CAD is in the hands of the bulls, taking on the next layer of resistance.On a break of resistance, 0.7480 is earmarked as a daily extension's target. Further to the prior analysis, GBP/CAD Price Analysis: Choppy consolidation with bullish bias, the market has moved in accordance with the daily support and upside continuation expectations. Prior daily chart analysis Prior 4-hour analysis Live market As illustrated, the price action has moved according to the prior analysis and projection.  Price action expectations The bulls are firmly in control through the first layer of resistance, closing above it on a 4-hour basis. The old resistance would be presumed to act as support and bulls taking part in the move may consider moving their stop loss to breakeven.  Meanwhile, there is overhead resistance for where the market is testing. A break of which opens the path to a 0.7480 target.

USD/JPY slipped back from a brief trip above the 104.00 level to trade in the 103.80s on Tuesday.Risk-on markets amid Yellen fuelled stimulus hopes hurt the safe-haven yen.Since the beginning of last week, USD/JPY has consolidated within a pennant structure; to the upside.USD/JPY slipped back from a brief trip above the 104.00 level to trade in the 103.80s on Tuesday, but still closed the session with gains of 0.2% or 20 pips. The pair rose despite a broadly softer US dollar on the day; losses in the USD were driven by a lack of demand for safe-haven assets in what was a broadly risk on market and this weighed on the Japanese yen to an even greater extent. Risk on as markets bet on stimulus Former Fed Chair and US Treasury Secretary nominee Janet Yellen testified before the Senate Finance Committee on Tuesday. As anticipated, she was dovish on the need for further fiscal stimulus (calling for Congress to act big), which she said would be facilitated by the low-interest-rate environment. The testimony seems to have pumped stimulus hopes; with the Treasury in the hands of an economic veteran, markets seem confident that Yellen will be able to deliver stimulus and resultant strong economic growth, all while her inside knowledge of and connections to the Fed ought to keep the central bank’s financing conditions accommodative. While the bulk of the positive stock market move came during/after Yellen spoke, FX markets had already prepositioned before the event; USD was barely moved as and after she spoke. USD/JPY consolidates within pennant Since the beginning of last week, USD/JPY has consolidated within a pennant structure; to the upside, price action has been constrained by a downtrend linking the 11, 12 and 19 January highs, while to the downside, price action is being propped up by an uptrend linking the 13, 14, 16 and 19 lows. An upside break would open the door back to recent highs around 104.40 while a downside break would open the door to a move back towards last week’s 103.50 low and, upon a break of that, an eventual grind back down towards the psychological 103.00 mark and the beginning of 2021 lows at 102.60.USD/JPY four hour chart

USD/CAD keeps latest recovery moves after Tuesday’s downside.Canada will not receive any Pfizer vaccine next week, government’s vaccination plan won’t be affected.Risks dwindle after Yellen’s speech, ahead of Biden’s White House entry.BOC is likely to keep interest rates unchanged, Canadian CPI will also be the key to watch.USD/CAD wavers around 1.2735 during the latest corrective pullback amid Wednesday’s Asian session. The pair dropped the previous day amid broad US dollar weakness before bouncing off 1.2715 as risks turned heavy after US Treasury Secretary Nominee Janet Yellen spoke in the Senate. Also favoring the quote’s recent upside momentum could be the cautious sentiment ahead of the Bank of Canada’s (BOC) monetary policy meeting and US President-elect Joe Biden’s White House entry. Ex-Fed Chair Yellen’s open back-up to Biden’s stimulus, by citing urgency to battle the pandemic and record low-interest rates, fails to cover her dislike for Trump’s investment proposals and China. The incoming Treasury Secretary also suggested a second stimulus boost in a month but couldn’t please the risk-takers. Elsewhere, the New York Times came out with the news suggesting that Canada will not receive any vaccine shipments from Pfizer next week, as per an anonymous official, but that should not affect the government’s plan to administer six million doses of the Pfizer and Moderna vaccines by the end of March. It should be noted that the coronavirus (COVID-19) woes are gradually coming back to the fore even as vaccinations are on the rise. The reason could be traced from Germany’s extended lockdown, fears in Japan and likely shortage of vaccines in New York. Amid these plays, Wall Street closed in the green while the US 10-year Treasury yields eased to 1.09%. Looking forward, virus updates and price moves of oil, Canada’s biggest export item, can offer intermediate moves ahead of the Canadian Consumer Price Index (CPI) data for December, expected to remain unchanged at 1.0% YoY. However, more important will be the BOC’s monetary policy and Biden’s inauguration party. While BOC is likely to justify its latest bearish bias and keep the current monetary policy intact, any causalities in the White House won’t be taken lightly. Ahead of the BOC, TC Securities said, “The Bank of Canada rate decision and December CPI will share the spotlight on Wednesday. Although Governor Macklem has recently mused about an ELB below 0.25%, we do not expect this discussion to materialize into a micro-rate cut.” Technical analysis While 21-day SMA guards immediate upside around 1.2750, a downward sloping trend line from November 13, at 1.2781 now, becomes the key hurdle to watch for USD/CAD buyers.  

AUD/JPY fades pullback from 50-bar SMA, keeps bearish signals.Double top confirmation, sustained break of one-month-old rising trend line favor bears.Key Fibonacci retracement levels, 200-bar SMA add to the downside filters.AUD/JPY battles 80.00 in a recent recovery move during the initial Asian session on Wednesday. The quote earlier took a U-turn from 50-bar SMA while trying to reverse the key support break portrayed on Monday. Despite the pair’s recent bounce off 79.86, the 50-bar SMA near 80.30 probes short-term AUD/JPY buyers ahead of the previous support line near 80.66. In a case where the AUD/JPY prices rise past-80.66, the double top formation around 80.85-92 and the 81.00 round-figure will be the key to watch. Meanwhile, 38.2% Fibonacci retracement of December 21 to January 08 upside, near 79.60, can challenge intraday sellers of AUD/JPY. Also acting as the key support are 200-bar SMA and 61.8% Fibonacci retracement level, respectively around 79.00 and 78.80. Overall, AUD/JPY may witness corrective pullback but the bulls aren’t likely to regain the controls. AUD/JPY four-hour chart Trend: Bearish