The euro advances after the German ZEW survey data shows that investor sentiment continues to override lockdown pessimism
key technical support levels
Of note, the push higher during the session has also seen buyers take out the near-term trendline resistance in the latest swing move lower and now contesting a potential break of the 23.6 retracement level

Does the early reflation narrative have more legs to run to start the year?
The Georgia runoffs, Fed talk, and Biden’s stimulus plan were key components to get the market to start the new year but have we finally run out of fuel on that front – at least for now?

Latest data released by ZEW – 19 January 2021
This reflects the more optimistic investor sentiment as well but we’ll see how well this will hold up in light of restrictions set to be prolonged further to April in all likelihood.

Mizuho says that the yen gains today are mostly to do with positioning with the US on holiday
That was also pretty much the case on Friday as the market continues to take cues from then in trading today amid the long weekend in the US.

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.