Currency Outlook Week of 1/11/2021

Consolidated Calendar

 01/11/202101/12/202101/13/202101/14/202101/15/2021
USA JOLTS Job Openings CPI Initial Jobs, Chairman Powell speechRetail Sales, Mich CSI
JPNCurrent Account balance    
UKGov Bailey Speech    
CAN     
AUS     

Correlation Table

DXY

Major Pairs

USD/JPY

Last Close: 103.93

Trend Chart: Short

Price Basket: Short

Yield Curve: Long

1/07 (red) vs 12/30

CoT:

  • USD – Short
  • YEN – Long

Key Levels:

  • Resistance – 104.11
  • Support – 103.03

Central Banks Stance:

  • FED – Dovish (Short)
  • BoJ – Dovish (Long)

5-Day ADR (80, 95 confidence intervals): 0.82, 0.88

Overall Outlook: Short

GBP/USD

Last Close: 1.3569

Trend Chart: Long

Price Basket: Long

Yield Curve: Short

1/06 (red) vs 12/31

CoT:

  • GBP – Long
  • USD – Short

Key Levels:

  • Resistance – 1.3700
  • Support – 1.3260

Central Banks Stance:

  • BoE – Dovish

5-Day ADR (80, 95 confidence intervals): 0.0132, 0.0140

Overall Outlook: Neutral

Commodity Pairs

USD/CAD

Last Close: 1.2688

Trend Chart: Short

Price Basket: Neutral

Yield Curve: Short

1/7 (red) vs 12/31

CoT:

  • USD – Short
  • CAD – Long

Key Levels:

  • Resistance – 1.2992
  • Support – 1.2631

Central Banks Stance:

  • BoC: Dovish

5-Day ADR (80, 95 confidence intervals): 0.0118, 0.0126

Commodity Stance:

  • Metals: Long
  • Oil/Energy: Short

Overall Outlook: Short

AUD/USD

Last Close: 0.7760

Trend Chart: Long

Price Basket: Neutral

Yield Curve: Short

1/7 (red) vs 12/31

CoT:

  • AUD: Neutral
  • USD: Short

Key Levels:

  • Resistance: 0.7822
  • Support: 0.7438

Central Banks Stance:

  • RBA: Dovish

5-Day ADR (80, 95 confidence intervals): 0.0101, 0.0106

Commodity Stance:

  • Metals: Short

Overall Outlook: Long

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