The document is a daily analysis report from TPGlobalFX providing analysis of major currency pairs and commodity prices. It notes that the US dollar strengthened across various pairs on Biden's election victory and Asian stock markets rose. It then provides technical analysis and trade ideas for several currency pairs, including AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD. Economic data from various countries is also summarized.

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08 January, 2021
Daily Analysis Report

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Asian Bulle n: U.S. dollar strengthens no ceably across the board on Biden’s victory, Asian stock markets soar, gold hovers around $1,910 mark
Asian Headlines:
• Japan household spending y/y stands at 1.1 pct vs 1.9 pct previous release (expected -1.0).
• Japan foreign reserves stands at 1,394.7B vs 1,384.6B previous release.
• South Korea current account stands at 8.97B vs 11.66B previous release.
• U.S. Vice President Pence opposed calls to invoke the 25th Amendment to remove President Trump from office; the 1967 amendment to the U.S. Cons tu on
ensures that the government remains in opera on should a si ng president be deemed unfit to perform presiden al du es.
• The drama c riots by Trump’s supporters le four people dead and damaged parts of the capitol.
• U.S. Treasury Secretary Mnuchin avoided giving any comment on the 25th U.S. Amendment.
• A er the Biden’s success, the number of U.S. administra on officials resigning from the Administra on grew on late Thursday.
• Fed's Mester - Fed studying implica ons of digital currencies.
• Fed's Mester - Going to be a while before infla on gets to 2%.
• Fed’s Mester - Op mis c H2 2021 growth quite a bit stronger than 2020.
• PBOC fixes USD/CNY reference rate at 6.4708 (previous fix 6.4608, previous close 6.4779).
Economic Data Ahead:
• (0700 GMT/1230 IST) German industrial produc on, previous 3.2, expected 0.7.
• (0700 GMT/1230 IST) German trade balance, previous 18.2B, expected 18.5B.
• (0745 GMT/1315 IST) France consumer spending, previous 3.7, expected -15.8.
• (0745 GMT/1315 IST) France industrial produc on, previous 1.6, expected -1.0.
• (0745 GMT/1315 IST) France trade balance, previous -4.8B, expected -4.9B.
• (0830 GMT/1400 IST) U.K. Halifax HPI, previous 1.2, expected 1.0.
• (1000 GMT/1530 IST) Euro Unemployment Rate, previous 8.4, expected 8.5.
• (1000 GMT/1530 IST) Italy Unemployment Rate, previous 9.8, expected 10.0.
• (1330 GMT/1900 IST) U.S. NFP Employment Change, previous 245K, expected 60K.
• (1330 GMT/1900 IST) U.S. Unemployment rate, previous 6.7, expected 6.8.
• (1330 GMT/1900 IST) Canada Employment change, previous 62.1K, expected -32.5K.
• (1330 GMT/1900 IST) Canada Unemployment rate, previous 8.5, expected 8.7.
Economic Events Ahead:
• (1600 GMT/2130 IST) U.S. FOMC member Clarida speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.05% to 89.87 points.

3. AUD / USD
BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S10.7820
R2 S20.7854
R3 S30.7878
R4
Commentary
S40.7904
Buy Above 0.77863
0.78213
0.77543
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.77269
0.76921
0.77704
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The parity takes halt around $0.7820 mark and currently trading around $0.7765
levels. On a 60 – minute timeframe, MA supports the upside trend but shooting star formation is
also observed. Furthermore candles only provide confirmation for the same. Two key ranges for
the day will be $0.7792 and $0.7767 levels. Sustained close of either side will give further
direction to the parity.
0.7767
0.7702
0.7676
0.7590

4. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26)
FIBO Levels PIVOT
R1 S11.2323
R2 S21.2368
R3 S31.2390
R4
Commentary
S41.2422
Buy Above 1.22978
1.23145
1.22763
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.22371
1.22154
1.22610
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
EUR/USD: The euro weakens sharply and stabilizes below $1.23 mark. On a daily time frame,
both RSI and MA support the bearish trend for the time being. In addition, today’s fundamental
indicators from the Euro area will provide further direction to the parity.
EUR / USD
1.2240
1.2206
1.2170
1.2101
Below RSI LEVEL 50

5. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.3622
R2 S21.3648
R3 S31.3703
R4
Commentary
S41.3722
Buy Above 1.35851
1.36204
1.35312
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.35289
1.34997
1.35762
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and remains well supported above $1.35
mark. The key boundaries for the day will be $1.3622 and $1.3520 mark. Markets eye covid
situation and measures taken by U.K. government to forecast the further movement of the parity.
GBP / USD
1.3520
1.3487
1.3440
1.3404

6. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11.2771
R2 S21.2812
R3 S31.2853
R4
Commentary
S41.2906
Buy Above 1.27389
1.27810
1.26877
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.26518
1.26042
1.27087
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The Canadian dollar trades flat on Friday ahead of Canada’s employment change
data. The pair made intraday high at 1.2701 and low at 1.2676 mark. The pair consolidates
around 1.2672 mark. The technical tools like RSI, MA confirm the downside trend for the time
being.
USD /CAD
1.2654
1.2600
1.2572
1.2540

7. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1104.22
R2 S2104.90
R3 S3105.40
R4
Commentary
S4105.94
Buy Above 104.015
104.357
103.675
– Take Profit
– Stop Loss
Trade Idea
Sell Below 103.549
103.240
103.901
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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-
Time Frame: H1
USD/JPY: The Japanese yen reverses previous gain against U.S. dollar and touches 103.99 mark
despite robust household spending data. The RSI and MA support the upside price trend for the
time being. On a daily time frame, one can easily observed downtrend since Feb 20, 2020. A key
support is seen at 102.35, a sustained close below will check further downside trend otherwise
consistent close above 104.22 will tests key resistances.
USD /JPY
102.90
102.45
102.10
101.50

8. BUY SELL
REPORTFROM:TPGLOBALFXJANUARY,2021
Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S11922
R2 S21927
R3 S31932
R4
Commentary
S41940
Buy Above 1920.03
1930.91
1909.85
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1901.52
1892.68
1917.43
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold continues to trade lower on Friday and markets eye U.S. NFP job data to
forecast the further directions. On a daily timeframe, RSI is indicating the downtrend. The key
ranges for the gold will be $1,922 - $1,897 mark. A sustained close of either side will give further
direction to the parity.
XAU [GOLD]USD/
1902
1897
1882
1885

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