Forex EUR/USD Daily Video, January 06, 2023

[Sive Morten]

Good morning,

Positive ADP has pushed EUR down. We suggest that daily 1.0445 target should be reached, if NFP brings no surprises today:

 

[Suomi]

Another week down the drain, staying in a sideway range after all. As long as the DXY competes with greed in SPX (stocks), DXY will be kept low no matter what the data is. The equity market is bending over backwards to find any reason to rise, which pressures the USD and keeps the EURUSD GBPUSD floating in a vacuum.