2025 Market Outlook: Key January Events to Watch 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
FxWirePro- Woodies Pivot(Major) 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro-Major European Indices 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Stock Futures Dip as Investors Await Key Payrolls Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Wall Street Analysts Weigh in on Latest NFP Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
GBP/AUD chart on Trading View used for analysis
FxWirePro Currency Strength Index for GBPAUD: Bias Bearish
FxWirePro's Hourly GBP Spot Index was at -91.8218 (Bearish)
FxWirePro's Hourly AUD Spot Index was at 102.862 (Bullish)
Technical Analysis: Bias Bearish
- Fails to hold break above 20-DMA
- Slips below 5-DMA and 5-DMA has turned
- Recovery finds stiff resistance at 55W-EMA
- The pair has formed gravestone doji on monthly charts
Fundamental Factors:
- News that German Merkel rejected UK's May attempt to renegotiate the Brexit deal and renewed speculation that MPs have sent 48 letters for a non-confidence vote weighs on the Sterling.
Support levels - 1.7255 (Lower BB), 1.72, 1.7085 (Trendline)
Resistance levels - 1.7498 (5-DMA), 1.7542 (20-DMA), 1.7743 (Dec 6 high)
Recommendation: Stay short on rallies around 1.7360/75, SL: 1.7545, TP: 1.7255/ 1.72/ 1.7085
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
