Analytics

News, Trends, & Analytics 13.01.2022

US Labor Market is in Focus Today

Today the focus is on the US Initial Jobless Claims and PPI reports.

 

Calendar

13:30 UTC

US Initial Jobless Claims will be out. Forecast: 200K. If the figure is lower than the forecast, USD will go up.

Assets to trade: GBP/USD, EUR/USD, USD/JPY


13:30 UTC

US Month-on-Month Producer Price Index for December will be announced. Forecast: 0.4%. USD may drop on higher-than-expected data.

Assets to trade: GBP/USD, EUR/USD, USD/JPY

 

News

The US Fed Chair, Jerome Powell, announced that rate hikes are expected in 2022. Affects USD


Pfizer’s CEO announced its vaccine specifically developed to fight Omicron is expected to be ready by March. Affects Pfizer

 

Technical Analysis

EUR/USD

After dropping to 1.12 a month ago, this pair has been slowly rising. The recent testimony of the US Fed Chairman, Jerome Powell, who announced coming rate hikes in 2022, may put pressure on the USD, boosting EUR/USD.

Currently, its mild upward trajectory appears as a consolidation under the resistance level of 1.14. We believe it may break out at this level to aim more aggressively upwards.

AUD/CAD

This pair has been following a downtrend and will likely cross the support level of 0.90 before it makes another reversal upwards.

AUD/NZD

This pair went into consolidation as soon as it reached the resistance level of 1.06. We believe it will reverse downwards to erase some of the gains.

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