Industry concepts thread – Ecu consultation 26 January 2023

A quiet day beckons in Europe as we look forward to key US information later these days. Markets are kind of stuck after the sturdy chance restoration the day gone by however that momentum appears to be proceeding these days with S&P 500 futures now up 15 issues, or 0.4%, these days. That assists in keeping the hope for the technical breakout identified previous within the week right here.

In flip, that would proceed to tip the buck at the decrease facet with EUR/USD lining up an extra push above 1.0900 and AUD/USD already having a look to settle above 0.7000, with worth now eyeing the August highs as famous right here.

That continues to be the play this week in my opinion with the aussie seeming to be the recent pick out this week, amid more potent inflation information and higher chance sentiment. Individually, the GBP/AUD drawback smash under 1.75 remains to be one this is catching my eye as neatly; extra so for a longer-term business.

What are your perspectives available on the market at this time? Percentage your ideas/concepts with the ForexLive neighborhood right here.