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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

GOLD
GOLD: The post-FOMC bid (with the meeting revealing a change in the assessment
of household consumption, tweaks to statement language surrounding inflation &
repo ops through at least April), coupled with a heavy end to Wednesday for
equities (Fed Chair Powell pointed to "somewhat elevated" asset valuation
levels, while Facebook struggled in after hours trade in the wake of its latest
earnings report), provided the yellow metal with some support
- The continuing uptick in Coronavirus case, as well as the death toll weighed
on risk is Asia, providing a fresh round of support, which leaves spot bullion
at $1,579/oz, a couple of dollars or so higher on the day.
- Bulls now look to $1588.7/oz, the Jan 27 high, as the initial point of
resistance, while support lies at $1556.6/oz, the Jan 24 low.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com