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USD/JPY remains depressed near two-day lows, just above mid-105 00s

WTI back below $61 00, tracking equity market downside

Gold Price Analysis: XAU/USD trims a part of intraday gains, up little around $1780 region

Gold Price Analysis: XAU/USD trims a part of intraday gains, up little around $1780 region
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USD/CAD Forecast Jan 25-29 2021 - BoC holds the course

Forex Weekly Outlook Jan 25-29 2021 – Fed on stage after ECB stays pat

The US dollar has given up some ground after a strong rebound in early January. Covid continues to run rampant in the US and Europe, but there is optimism that the roll-out of Covid vaccines will bring about economic recovery later in the year. This week’s highlights include the Fed rate decision and GDP reports in the US, France and Canada. German CPI posted a respectable gain of 0.5% in December, confirming the initial estimate. However, Eurozone CPI came in at -0.3% for a fourth straight month. The ECB maintained its interest rate and bond-buying levels at this week’s policy meeting. ECB President Lagarde acknowledged that Eurozone GDP for Q4 would likely be negative but said that growth was expected to rebound in 2021. PMI reports showed that the manufacturing sector remains well in expansionary territory, but the services sector is in a state of decline, with readings below the 50-level, which separates contraction from expansion.

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