NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD gains some ground but outlook is bearish 
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 
FxWirePro: GBP/USD rises as soft US data pressures dollar 
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 
FxWirePro- Woodies pivot (Major) 
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro- Major Crypto levels and bias summary 
Previous Week
The Yen, gold continues to trade lower as US-China has signed phase one trade deal on Jan 15th. China has agreed to buy an additional $77 billion and $123 billion in 2020 and 2021 goods and services to meet the total $200 billion. USDCNY is trading weak for the past 5 weeks and hits the lowest level since July 2019.
DXY has shown a nice recovery of more than 30 pips from the previous week close of 97.35 The index should break above 97.85 for further bullishness. It is currently trading around 96.81.
US CPI rose 0.2% in Dec in line with estimates and core CPI up 2.3% year-year fastest pace since Oct 2018. US retail sales rose for 3rd consecutive months and climbed 0.3% last month in line with an estimate and the previous month was revised to 0.3%. Core retail sales m/m came at 0.7% Vs forecast 0.5%.
The precious metal has recovered slightly after hitting a low of $1536. Any break below $1538 confirms further weakness, a dip till $1518/$1500 likely.
US 10 year bond yield has halted its 1-week of bearishness and jumped more than 4% form low of 1.776%. The spread between US 10- year and 2 years has narrowed to 25.9 bps from 35.7 bps.
Weekly Technical:
EURUSD:
Major trend reversal level- 1.12860
Near term support- 1.10600/1.1000
Near term resistance – 1.1180/ 1.1245
USDJPY:
Major trend reversal level- 110.60
Near term support- 109/108.30
Near term resistance – 110.60/112
USDCHF
Major trend reversal level- 0.9645
Near term support- 0.9645/0.9540
Near term resistance – 0.9770/0.9845
USDCAD
Major trend reversal level- 1.2950
Near term support- 1.3020/1.2950
Near term resistance – 1.3105/1.3180
Gold
Major trend reversal level- $1600
Near term support- $1536/$1515
Near term resistance – $1575/$1600
WTI Crude
Major trend reversal level- $57.40
Near term support- $57.40/$55
Near term resistance – $59.65/$61.50
Major Economic events for the week
BOJ Monetary policy statement – Tuesday (Tentative)
CAD CPI - Wednesday (1:30 pm GMT)
CAD BOC Monetary policy –Wed (3:00 pm GMT)
EUR ECB Monetary policy -Thursday (12:45 pm)
EUR German Flash Manufacturing PMI - Friday (8:30 am)
Canada Core retail sales m/m- Friday (1:30 pm)
