Greenback Eases Ahead of Trump's Executive Actions, Bitcoin Takes Leads and Hits New Record
| Action Insight Daily Report 1-20-25 |
Greenback Eases Ahead of Trump's Executive Actions, Bitcoin Takes Leads and Hits New Record |
Dollar is trading slightly lower today as markets await Donald Trump’s inauguration as the 47th US President. Attention is focused on his inaugural speech, expected to confirm his policy priorities. However, the real market-moving event is likely to be the series of executive actions Trump has promised to enact immediately. Over 200 directives are anticipated, including legally binding executive orders and proclamations, with particular interest in measures affecting tariffs and deregulations in sectors like energy and cryptocurrencies. One key area of focus is Trump’s potential tariff policies, which would surely reshape US trade relationships with allies and adversaries and impact global market. Deregulation efforts, spanning traditional energy sectors to the fast-growing cryptocurrency industry, are also expected to influence investor sentiment.... |
EUR/USD Daily Outlook Daily Pivots: (S1) 1.0247; (P) 1.0289; (R1) 1.0313; More... EUR/USD recovers mildly today but stays in the middle of near term range above 1.0176. Intraday bias stays neutral and outlook remains bearish with 1.0435 resistance intact. On the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% projection of 1.1213 to 1.0330 from 1.0629 at 1.0083. However, firm break of 1.0435 will confirm short term bottoming, and turn bias back to the upside for stronger rebound. | |
| GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
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| 23:50 | JPY | Machinery Orders M/M Nov | 3.40% | -0.70% | 2.10% | | 00:01 | GBP | Rightmove House Price Index M/M Jan | 1.70% | -1.70% | | 01:00 | CNY | 1-y Loan Prime Rate | 3.10% | 3.10% | 3.10% | | 01:00 | CNY | 5-y Loan Prime Rate | 3.60% | 3.60% | 3.60% | | 04:30 | JPY | Tertiary Industry Index M/M Nov | -0.30% | 0.10% | 0.30% | 0.10% | | 04:30 | JPY | Industrial Production M/M Nov F | -2.20% | -2.30% | -2.30% | | 07:00 | EUR | Germany PPI M/M Dec | -0.10% | 0.30% | 0.50% | | 07:00 | EUR | Germany PPI Y/Y Dec | 0.80% | 1.10% | 0.10% | | 07:30 | CHF | PPI M/M Dec | 0.00% | 0.20% | -0.60% | | 07:30 | CHF | PPI Y/Y Dec | -0.90% | -1.50% | | 15:30 | CAD | BoC Business Outlook Survey |
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