VI
FIL
KO
KM
Open account Try free demo
Call: +1 (212) 8589589 Mail: [email protected]
Login Open CFD account
Login Open CFD account
VI
FIL
KO
KM
Login Open CFD account
News & Analysis
Try free demo Open live account
News & Analysis
Try free demo Open live account

FX analysis – USD , EUR, AUD, JPY

31 January 2024 By Lachlan Meakin

Share

USD was flat on Tuesday with the US dollar index (DXY) trading either side of the 200-day SMA and 50% Fib level at 103.50. FX traders turning their attention to the pivotal FOMC rate decision on Wednesday followed by the non-farm employment report on Friday. A better than expected JOLTS job opening report lending some support early in the session to the USD.

EURUSD rebounded from lows of 1.0796 after Spanish CPI printed hotter than expected and no misses on various EZ GDP figures.  EUR traders attention will now turn to the German and French CPI figures due today after the hot Spanish print.

USDJPY was flat for the session, still holding below the psychological 148 level ahead of the rest of the weeks risk events. The gap between US and JP 10-year yields and price growing which should put some downward pressure on this pair.

AUD underperformed on disappointing retail sales figures ahead of today’s CPI print. AUDUSD did find support at its 200-day moving average at 0.6575 where it has revolved around for the last few sessions. Look for this level to establish strong support should we get a hot Aussie CPI today.

Ready to start trading?

Try free demo Open account

Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.