USDX: 90.200

Downtrend sideways is still looming the greenback and it bottomed at 90.113 yesterday.

Tax-cut bill and rate hikes seem to adrift while market offers very little exploration to mildly support U.S. dollar.

The continuing journey of finding neutral ground on immigration issue also casts extended concerns.

Support: 89.4
Resistance: 90.5

USD JPY: 110.636

The momentum that yen gains in the second half of American session push the pair down to 110.30 level.

Sub-110 level poises an unwelcome level and BOJ’s Finance Minister Taro Aso expresses weary for the volatile migration in currency territory.

Support: 109.6
Resistance: 110.8

EUR USD: 1.2267

The sell-off pressure tumbles the 3-year high (1.2297) for EURUSD since December 2014, as worries steer the market with the concern of whether ECB would retain the purchasing level of bond in the meeting of 25th January.

Support: 1.216
Resistance: 1.236

GBP USD: 1.3791

The CPI data release smooths the GBPUSD at a tight 75-pip interval. 3% CPI is matching the 3.1% expectation, and such favourable leads could result in a deferred rate hike from Bank of England.

Additionally, the October’s artificial deadline for Brexit compels a pending sentiment.

Support: 1.374
Resistance: 1.399

AUD USD: 0.7947

Australia would release its December employment number on Thursday while market is testing for higher 0.793 key psychological level.

This momentum may be contingent on the data release we have just mentioned as we are adjacent to our near-term resistance.

Support: 0.793
Resistance: 0.8

NZD USD: 0.7259

Commodity currency exhibits excelling short term opportunities since retracements may be immediate as of writing.

In the meantime, selling pressure on greenback would likely to persevere which is in favour of protecting its support level at 0.7220.

Support: 0.72
Resistance: 0.738

USD CAD: 1.2432

The pair plummeted to 1.2395 level momentarily following a decline in Crude Oil price, yet quickly bounced back above 1.2400.

All eyes are on BOC’s decision on Canadian rates, which would trigger a trend, as the forecast expect to have an increase rates by a quarter point.

However, not much demand for the loonie 24 hours before the announcement might indicate traders being cautious to buy the pair. More room to the downside for USDCAD.

Support: 1.243
Resistance: 1.25

VIX: 11.66

Jump in the fear Index by almost 15% as US500 Index’s volatility rose for on the 2nd day of this week trading.

However, Volatility remained subdued as near all-time lows of 2017.

Surveys shows that investors are continued betting rise in equities.

GOLD: $1338.29

Gold’s price current trend nearly unchanged despite of the drop to test $1330 level but quickly bounced back up.

The upward movement is expected to be strong in the short future, as dollar index remained weak and Bitcoin price plummeted unexpectedly over the night which is seemingly also working in a favour for a gold market.

Support: 1325
Resistance: 1345

OIL (WTI): $63.87

Crude Oil price failed to test $65.00 level as the gain is trimmed down at the start of trading on Tuesday, although the losses are minor.

However, the benchmark prices are seemed to be holding up due to high demand, inventories cut and bullish sentiment.

Support: 62.6
Resistance: 66

BITCOIN (BTC): $11396

The Bitcoin plummeted strongly as much as 25% over the night, nearly breaching the $10000 level which is at the next key psychological level as the prospect of regulatory crackdowns appeared to spread.

Crossing this level would expect a bearish momentum.
The main catalyst is that the increasing fear factor regarding the stateless digital currency will be derailed by governments.

Support: 9900
Resistance: 13810

Macro Themes in Play