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EUR

ECB-Fed Divergence Remains Evident

USDJPY TECHS

Trend Conditions Remain Bullish

UK

Timeline of key events (Times BST)

EUROZONE

Timeline of key events (Times BST)

EURGBP TECHS

Remains Vulnerable

GBPUSD TECHS

Bearish Risk Still Present

AUSSIE
AUSSIE: AUD/USD trades at $0.6844, virtually unchanged on the day. It holds
steady ahead of Australian labour market report, one of the key releases watched
by the RBA. Implied probability of a quarter-point cut from the RBA at their
next (Feb) policy meeting is ~56%, but any surprise today can move the needle.
- Wednesday appears in the candle chart as a Doji. Pressure initially applied by
a worry surrounding China's coronavirus situation was somewhat alleviated by a
press briefing from China's National Health Commission. AUD/USD showed signs of
recovery into the European session, but declined again as concerns resurfaced.
- After the rate probed the water below a trendline support at $0.6831 on
Wednesday, bears look for a convincing fall through there to open up $0.6800,
the low of Dec 10. Bulls keep an eye on the neckline of a head and shoulders top
charted recently. It comes in at $0.6857, after capping gains on Wednesday. A
break here would encourage bulls to target the 50-DMA at $0.6871 and the 200-DMA
intersecting a further 10 pips above.
- Apart from the jobs data, consumer inflation expectation comes out later
today, at the top of the hour. Flash CBA PMIs hit on Friday.