S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited 
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Investors value green labels — but not always for the right reasons 
USD/CNY is currently trading around 6.9315 marks.
- It made intraday high at 6.9611 and low at 6.9288 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 6.9650 mark.
- A sustained close above 6.9580 marks will test key resistances at 6.98, 6.9920, 7.0120, 7.0388, 7.0552, 7.07 and 7.0920 marks respectively.
- Alternatively, a daily close below 6.9578 will drag the parity down towards key supports at 6.9210, 6.90, 6.8658, 6.84 and 6.8222 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- China’s Caixin services PMI stands at 26.5 vs 51.8 previous release (expected 48.0).
We, at FxWirePro, prefer to take short position on USD/CNY around 6.94, stop loss at 6.97 and target of 6.9210/6.90.
