News, Trend, & Analytics 20.01.2021

Ether skyrockets

Today the focus is on stimulus in the US, Boeing’s European approval, and Ethereum’s big run.



7:00 UTC

The UK Consumer Price Index (CPI) YoY for December will be released. Forecast at 0.5%. If the result is below 0.5% the GBP may receive a negative impulse.

Assets to trade: GBP/NZD, GBP/AUD, GBP/USD

10:00 UTC

The EU Consumer Price Index (CPI) YoY for December will be published. Forecast at -0.3%. If the result is below -0.3% the EUR may receive a negative impulse.

Assets to trade: EUR/NZD, EUR/AUD, EUR/USD



Boeing’s 737 MAX airliner will receive final clearance to resume flying in Europe next week. Affects Boeing

Ether is closing in on an all-time high, it rallied as much as 17% on Tuesday to an intraday high of $1,439. Affects ETH

Bitcoin is now the most crowded trade, surpassing tech which spent more than a year in the top spot. Affects Bitcoin

Microsoft has entered into a long-term strategic relationship with GM and Cruise to accelerate the commercial appeal of self-driving vehicles. Affects Microsoft

Janet Yellen used her Treasury Secretary confirmation speech yesterday to bolster the case for heavy fiscal stimulus. Affects USD


Technical Analysis


As the US prepares for the inauguration of President-elect Biden today, the market will have eyes toward the incoming president’s stimulus package. However, as fiat currencies continue to wain and Bitcoin has become the most actively traded asset Ether is poised for more gains.

The cryptocurrency’s momentum could carry it past its previous high of 1449.


Quotes are testing the support level, and will likely reverse upward.


The chart shows Three White Knights, a strong signal the uptrend will continue.

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