Investing.com – The dollar edged higher Friday after President-elect Joe Biden outlined his plans for additional stimulus, but gains are likely to be limited after Federal Reserve Chairman Jerome Powell declined to join any discussion about reducing monetary stimulus.source: https://www.investing.com/news/forex-news/dollar-edges-higher-dovish-powell-limits-gains-2390135
Dollar index is now in uptrend,there may be some correction in short term,as uncertainty in market minimizes ,the more upward movement will show.
EUR/USD Forecast: Euro may give some short term upward correction before bigger down or move down from current point.ECB meeting forecast here: https://www.investing.com/analysis/ecb-minutes-raise-concerns-over-euro-200556058
GBPUSD forecast:Pound has shown strong gain last few weeks,but it has limited upward movement arround 1.37-1.3750 area.AS dollar index is getting strong and post Brexit trade deal and covid-19 lock down restriction and virus case rises all time high,pound will be weaker in the short term.
USDJPY Forecast:
USDJPY is traded lower last few weeks due to uncertainty in USA
politics.Downward momement is limited arround 102.00 area.Now it is
moving higher and will go further upside with some more correction.
USDJPY forecast January 2021
Gold Forecast:Gold has a chance to hit 1860 area before go lower low or bigger down.
warning: Don’t be a looser and not take any huge risk without proper money management.
analytics and forecasts should be studied by every trader
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