January 17, 2025 07:47 GMT
USD: Trading in the Green into the European session
USD
- The Dollar is on the Front foot in early trade, still holding onto its overnight gains despite the lower Yields overall and the Risk Tone still tilted to the upside ahead of Trump's Inauguration on MLK day Monday.
- No surprise to see the Pound as the early mover following the UK Retail sales miss, Cable has broken below Yesterday's low and the Pound is set for another spin cycle.
- Initial small support is seen at 1.2140, but most Market Participants will look at the 1.2100 Figure.
- Pre UK Data and during the Overnight session, the Kiwi was the worst performer, it was down some 0.39%, now 0.34% post European Cash Govie Open.
- NZDUSD is just short of Yesterday's printed low at 0.5582, so far printed a 0.5584 low.
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