4 Global Market Updates- 18 January, 2023

 

In this article, we have covered the highlights of global market news about the EUR/USD, AUD/USD, USD/JPY and GBP/USD.

EUR/USD will trade in the 1.12-1.15 range – Citigroup

FX The EUR/USD pair is anticipated to trade in a range of 1.12-1.15, according to Citigroup strategists, who also justify their positive perspective.

“China reopens at the same time that US inflation peaks and natural gas prices fall.”

Represents a significant change in the market narrative and the start of a new FX regime.

Renewed equity slump that would bolster the US dollar is a risk to consider.

Technical analysis favors EUR/USD advances targeting a major Fib of 1.0938.

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