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Foreign exchange services

25/01/2024

Summary

-The US Dollar is calm for now following the sell-off we saw yesterday; further moves could come from the Advanced GDP and Unemployment Claims later today.

-EUR is in focus for the market today with the ECB decision ahead, dovish undertone should see the EUR weaken across board especially against the JPY.

-USOIL finds the push above $75.00, prices could still push higher. GOLD drips lower yesterday but flattish today, trading below key resistance around $2020.

-we could look for the continuation of the strength of the JPY especially against the Canadian Dollar following the decision of the Bank of Canada (BOC) yesterday.

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