JPY & CHF weakest, AUD & NZD bid. Asian markets moving higher today, US markets closed lower on Friday, Yields & Gold lower, Oil ticks higher. Over weekend - Biden promises $1.9 trln stimulus will happen, COVID cases, hospitalizations and variants keep spreading, vaccine rollouts patchy globally.
This week - FED on Wednesday, GDP from EU & US and a big week for Earnings - FB, Microsoft, Tesla, Apple and DAVOS goes online.
Today – German IFO, ECB's Lagarde, Panetta, Lane, Elderson, BoE Governor Bailey, Chinese President Xi at the WEF.
Biggest (FX) Mover @ (07:30 GMT) CADCHF (+0.51%) Recovered from Friday's test to 81.40, back over 20Hr MA today up to test 50hr & R1 at 81.75, R2 just north of 82.00. Fast MAs aligned and trending higher, RSI 51 but rising, MACD histogram & signal line aligned higher but remain south of 0 line from Friday's fall, Stochastics moving down from OB. H1 ATR 0.0780, Daily ATR 0.5180.
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