US markets will be closed in observance of Martin Luther King Day
The lack of any „guidance“ by US traders and Wall Street means that the market will have little else to work with besides the clues that we got towards the end of trading last week.

Gold woke up on the wrong side of the bed following the weekend but is managing to hold up for the time being
Elsewhere, silver also saw a 2% slump to near $24 reversed to hit $25.15 before easing back just under the $25 level on the session.

The dollar continues to pick up from where it left off last week
However, the dollar continues to go from strength to strength as it keeps a modest advance against the major currencies bloc so far – likewise is the yen.

Latest data released by the SNB – 18 January 2021
Prior week’s release can be found . Amid a bit of a retreat in EUR/CHF towards the latter stages of last week, the SNB is seen stepping back into the market again as sight deposits increased for the first time since mid-December.

reports on moves from the European Union to lay out plans to limit its reliance on the USD
’s vulnerability to US sanctions and to financial risks. Measures proposed include

Forex news for North American trade on January 15, 2020:
Markets:
There was a decided risk off tone in markets and that meant a bid in the US dollar even as Treasury yields slid. It was a classic ’sell the fact‘ move after Biden’s big stimulus plan, something I about.

NASDAQ down -0.87%
The final numbers are showing:
Below are the percentage changes and ranges of the major indices. European shares also ended lower with the Spain Ibex leading the way at -1.69%. The German DAX fell -1.44%.

Weekly forex futures positioning data from the CFTC
– EUR long 156K vs 143K long last week. Long increased by 13K
– GBP long 13K vs 4K long last week. Longs increased by 9K

GBP narrowly beats out JPY and USD
It was a tight race at the top of the FX charts this week that grew much tighter after today’s drop in cable.
Yet sterling has managed to hang onto its title, at least so far. It’s a few pips higher on the week versus the yen and US dollar.

The EURUSD has traded most of the week below the close from last week
The EURUSD closed last week week at 1.22159. The price initially fell on Monday to a low of 1.21315 and formed a bottom between that level and 1.21364 on Tuesday before moving higher, and retesting the close from last week. The high for the week