fxstreet.com 31 Jan, 2021 14:00 am

Fears limit demand for high-yielding assets

Fears limit demand for high-yielding assets
The EUR/USD pair saw little action on Friday, ending the week with modest losses, but within familiar levels in the 1.2130 price zone. Investors’ att

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.2134 Equities closed in the red amid persistent turmoil related to individual investors.Investors’ attention remained on equities, these last subject to the turmoil related to the $GME scandal, and brokerage apps halting trading.

This Monday, Markit will publish the final readings of its Manufacturing PMI for January, while the US will release the official January ISM Manufacturing PMI, foreseen at 59.In the daily chart, the pair is neutral-to-bearish, as the 20 SMA caps advanced, converging with the mentioned Fibonacci resistance while technical indicators aim modestly higher but below their midlines.

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