fxstreet.com 03 Feb, 2021 14:30 am

ISM Services Purchasing Managers' Index December Preview

The US employment recovery is threatening to grind to a halt under the impact of California's strict lockdown and more moderate restrictions in other ...

2 reading in October, it was the highest level since July 2019.1, matching the October score and the highest level in 16 years.The EUR/USD rose to its highest level in two-and -a -half years on Wednesday, capping a 6% gain since November 2, as the faltering US labor market punished the greenback.Given the performance of other labor market statistics the 100,000 estimate for Friday's December payrolls has to be considered optimistic.

Since the original collapse in March the labor market has been the key to the US economy and the dollar.Initial Jobless Claims have climbed almost 100,000 in a month from an average of 740,000 in November to 837,000 in December and are expected to maintain at 833,000 in the first week of January when released on Thursday.

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ISM Services Purchasing Managers' Index December Preview

Fed stays dovish, Covid-19 woes continue

S&P 500 Futures drop to one-month low amid market frenzy

Japan seen extending COVID-19 state of emergency this week – NHK

Dollar ends mixed afrer volatile trading as fall in US stocks dampens risk appetite

Vaccine, stimulus optimism favor bulls despite silver woes

EUR/USD Facing Resistance Near 1.2160

Aussie wavers after mixed China and Australian PMI data

USD/CAD takes offers below 1.2800 as risk-on mood drags US dollar, favors WTI

UNI on-chain metrics spell trouble following a 300% bull rally

ETH buyers keep lurking around 21-day SMA

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Bears could take their chances this week

XAU/USD looks to capitalize on safe-haven flows amid Wall Street chaos

DOGE must break through this crucial resistance barrier to resume uptrend

The Silver rush and big short squeeze kicks-in

XRP/USD consolidates recent gains below 0.50 but bulls keep the reins

Bitcoin price kicks off February under pressure as large whales continue to sell

Silver shines on retail rush, February revives risk trades, stimulus hopes

AUD/USD now looks to the downside – UOB

USD/JPY trades with modest losses, holds steady above mid-104.00s

Extra decline appears on the cards

XAU/USD to face strong resistance at the $1875-76 area

XAG/USD eyes 2020 highs at $29.86 amid lack healthy resistance levels – Confluence Detector

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Make way for silver

Extra consolidation looks likely

XAG/USD rallies hard to eight-year highs at $30, more gains in the offing

Downside momentum improves further – UOB

USD/JPY looks for a deeper recovery toward 105.65/75 – Credit Suisse

XAU/USD struggles to make it through $1875 resistance

GBP/USD to head towards 1.38 on a break above the 1.3755-60 congestion zone

US Dollar Index looks firm round 90.80 ahead of ISM

GDP is forecast to expand 4.5% in 2021 – UOB

Sitting below the 105.00 threshold

Exports seen recovering further this year – UOB

Markets snap back

Stellar at risk of a massive 20% correction according to several indicators

ADA looks primed for a 30% move

VET can slowly climb towards $0.035 as long as this level holds

XRP price goes under extreme manipulation by new Telegram group

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Bulls remain in control near two-month tops, above mid-0.8900s

EUR/USD could extend its slump to 1.1970

WTI trades modestly higher, stays below $53

Bearish case to strengthen once below 1.2060

The NOK is at the core of this latest phase of the reflation trade – TDS

WTI eyes a break above key resistance just ahead of the $54.00 level

NZD/USD bears the burden of DXY strength around mid-0.7100s

Signs of stabilisation in equity markets

XAU/USD needs acceptance above $1870 to unleash further upside – Confluence Detector

Upside bias remains firm – UOB

ETH primed for new all-time highs as resistance weakens

ADA aims for $0.50 with little to no resistance ahead

XRP trapped within bullish bias

When is the Eurozone Preliminary GDP and how could it affect EUR/USD?