{"id":6694,"date":"2022-01-18T08:30:20","date_gmt":"2022-01-18T08:30:20","guid":{"rendered":"https:\/\/www.sevenstarfx.com\/blog\/?p=6694"},"modified":"2022-01-18T08:30:20","modified_gmt":"2022-01-18T08:30:20","slug":"daily-market-outlook-18-january-2022","status":"publish","type":"post","link":"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-18-january-2022\/","title":{"rendered":"Daily Market Outlook, 18 January, 2022"},"content":{"rendered":"<h3><span style=\"color: #cf2e2e\"><strong>Market Wrap: Stocks, Bonds, Commodities<\/strong><\/span><\/h3>\n<p>US stock market was closed on Tuesday as a celebration of Martin Luther King day.<\/p>\n<p>MSCI\u2019s index of Asia-Pacific stocks outside Japan fell 0.60%, to 796.47 levels. Australian index down 0.11% to 7,408.80. Japanese Nikkei Index fell 0.27% to 28,257.25.<\/p>\n<p>European stocks were negative on Tuesday, with the Stoxx Europe 50 Index lost 1.18% to 4,251.35 Germany&#8217;s DAX stair down 1.18% to 15,745.15, and France&#8217;s CAC fell 1.13% to 7,120.38, and U.K.&#8217;s FTSE 100 pulled down 0.33% to 7,586.30.<\/p>\n<p>Benchmark 10-year U.S. Treasury ascend as demand for safe assets gains again, today 10-year bond yields rose to 3.20% to 1.829.<\/p>\n<p>Oil prices rose on Tuesday with investors betting that global supply will remain tight, although restraint by major producers was partially offset by a rise in Libyan output.<\/p>\n<p>Spot Brent crude oil gained 1.70% to $87.95 per barrel. US West Texas Intermediate crude up 2.06%\u00a0 to $85.02 a barrel.<\/p>\n<p>The yellow metal gold is flat at 1,816.30 dollars per ounce.<\/p>\n<h3><span style=\"color: #cf2e2e\"><strong>Market Wrap: Forex\u00a0<\/strong><\/span><\/h3>\n<p>The dollar edged higher on Tuesday as traders continued to hold on to dollars but took the view that Federal Reserve tightening plans were largely priced in, while the euro eased from Friday\u2019s two-month high.<\/p>\n<p>Today, the U.S. dollar index measures the greenback against a trade-weighted basket of six major currencies, which is rose 0.05% to 95.300.<\/p>\n<p>The Euro US Dollar (EUR\/USD) is a widely traded pair that is lost today. This left the pair trading around $1.14000.<\/p>\n<p>The Japanese yen rose against the U.S. dollar on Tuesday as the stock pushes the upper. Today USD\/JPY is up 0.22% at 114.850 level.<\/p>\n<p>Another commodity-related currency negative against the U.S dollar, AUD\/USD lost 0.10% to 0.72030, and NZD\/USD down 0.21% to 0.67830 level.<\/p>\n<hr \/>\n<h3><strong><span style=\"color: #cf2e2e\">EUR\/USD Intraday:<\/span> Trend on The Downside<br \/>\n<\/strong><\/h3>\n<p><strong>Our pivot point is at 1.14280<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Take Short positions below pivot level with targets at 1.13770 &amp; 1.13360 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: Above pivot looks for a further Upside to 1.14790 &amp; 1.15200.<\/p>\n<p><strong>Comment:<\/strong> Pair Below its 55MA &amp; 20MA and RSI below 50 levels.<\/p>\n<h3><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6699 size-large\" style=\"font-size: 16px\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD-10-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD-10-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD-10-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD-10-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD-10.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/h3>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">GBP\/USD Intraday:<\/span>\u00a0 Major Resistance at 1.36780<\/h3>\n<p><strong>Our pivot point is at 1.36780<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Sell positions Below pivot with targets at 1.36050 &amp; 1.35510 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: The price Above pivot would call for further Upside to 1.37510 &amp; 1.38050.<\/p>\n<p><strong>Comment<\/strong>: Pair Below its 55MA &amp; 20MA and RSI below 50 levels.<\/p>\n<h3><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6700 size-large\" style=\"font-size: 16px\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD-10-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD-10-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD-10-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD-10-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD-10.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/h3>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">USD\/JPY Intraday:\u00a0<\/span>Major Support at 114.650<\/h3>\n<p><strong>Our pivot point is at 114.650<\/strong><\/p>\n<p><strong>Preferable Price\u00a0<\/strong><strong>Action: <\/strong>Buy position Above pivot with the target at 115.350 and 115.840 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: The Downside breakout of the pivot would call for 113.950 and 113.460.<\/p>\n<p><strong>Comment<\/strong>: Pair Above its 55MA &amp; 20MA and MACD in positive territory.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6701 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY-10-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY-10-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY-10-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY-10-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY-10.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">AUD\/USD Intraday:<\/span> Major Trend on the Downside<\/h3>\n<p><strong>Our pivot point is at 0.72300<\/strong><\/p>\n<p><strong>Preferable Price Action: <\/strong>\u00a0Sell Positions Below pivot with targets at 0.71710 &amp; 0.71330 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: Above pivot looks for a further Upside with 0.72890 &amp; 0.73270 as targets.<\/p>\n<p><strong>Comment<\/strong>: Pair Below its 55MA &amp; 20MA and RSI below 50 levels.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6697 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD-9-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD-9-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD-9-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD-9-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD-9.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><strong><span style=\"color: #cf2e2e\">CRUDEOIL Intraday:<\/span><\/strong>\u00a0Strong Trend on the Upside<\/h3>\n<p><strong>Our pivot point is at 84.05<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Above pivots Buy Oil with 86.10 &amp; 87.65 as targets.<\/p>\n<p><strong>Alternative Price Action<\/strong>: Sell crude Below pivot with targets at 82.00 and 80.45 in extension.<\/p>\n<p><strong>Comment<\/strong>: Price Above its 55MA &amp; 20MA and MACD is in the positive territory.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6698 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/CRUDEOIL-10-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/CRUDEOIL-10-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/CRUDEOIL-10-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/CRUDEOIL-10-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/CRUDEOIL-10.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">XAU\/USD Intraday:<\/span><strong> In Consolidation Zone<br \/>\n<\/strong><\/h3>\n<p><strong>Our pivot point is 1821.20<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Further Downside to 1812.90 and 1806.40.<\/p>\n<p><strong>Alternative Price Action<\/strong>: If the price gives an Upside breakout of a pivot, then the price extends to 1829.50 and 1835.80.<\/p>\n<p><strong>Comment<\/strong>: MACD is in negative territory and the price is below its 55MA &amp; 20MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6703 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD-10-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD-10-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD-10-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD-10-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD-10.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span> \u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">Dow Jones Intraday:<\/span> Resistance at 36,053.00<\/h3>\n<p><strong>Our pivot point is 36,053.00<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Take Short positions Below pivot with targets at 35,636.00 &amp; 35,320.00.<\/p>\n<p><strong>Alternative Price Action<\/strong>: Above 36,053.00 looks for further Upside to 36,470.00 &amp; 36,786.00.<\/p>\n<p><strong>Comment<\/strong>: RSI below 50 levels And price is Below its 55MA &amp; 20MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-6702 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/WS30-10-1024x494.png\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/WS30-10-1024x494.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/WS30-10-300x145.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/WS30-10-768x371.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/01\/WS30-10.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicates Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span> \u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Wrap: Stocks, Bonds, Commodities US stock market was closed on Tuesday as a celebration of Martin Luther King day. MSCI\u2019s index of Asia-Pacific stocks outside Japan fell 0.60%, to&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[124,89,329,10,28,3,155,220,26,328,33,327,72,323,31,101],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Market Outlook, 18 January, 2022 | Seven Star FX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-18-january-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Market Outlook, 18 January, 2022 | Seven Star FX\" \/>\n<meta property=\"og:description\" content=\"Market Wrap: Stocks, Bonds, Commodities US stock market was closed on Tuesday as a celebration of Martin Luther King day. 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