Gold Weekly Analysis
Gold respected last weeks high and pushed bearish down to support before puling back on Friday
USD Flash Manufacturing/Services PMI on Wednesday
USD Advance GDP q/q on Thursday
USD Core PCE Price Index m/m on Friday
USD news from Wednesday onwards is forecast to be good for USD which would be bearish for Gold. Anticipating Gold to continue its pullback from the highs and continue down to the Weekly support again around 2004
GBPJPY Weekly Analysis
GBPJPY was very bullish last week, it barely formed a bottom wick. Last weeks high was broken and resistance was retested and price closed below
JPY BOJ Policy Rate (Interest Rates) on Tuesday
GBP Flash Manufacturing/Services PMI on Wednesday
Not much news this week for GBP except for Bank of Japan Interest Rates on Tuesday. This news is typically bullish for GBPJPY as its always forecast to be held at a negative rate - 0.10%
Anticipating price to push slowly bullish for the rest of the week or range after making a high
Check out News This Week 22nd January for scenarios
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