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ForexLive European FX news wrap: Euro slips, dollar stays sluggish

Forex news from the European trading session - 20 January 2021 Headlines: Markets: - AUD leads, EUR lags on the day - European equities higher; E-minis up 0.3%

US MBA mortgage applications w.e. 15 January -1.9% vs +16.7% prior

Latest data from the Mortgage Bankers Association for the week ending 15 January 2021 -  +16.7% - Market index  vs 965.2 prior - Purchase index  vs 338.9 prior

Cable takes another peek above 1.3700, can buyers break through this time?

GBP/USD touches its highest levels since May 2018 The pound is the standout performer on the session as cable climbs to a high of 1.3718 on the day, its highest levels since May 2018. The move here comes as the pound strengthens amid a breakdown in key technical support in EUR/GBP .

Biden to revoke permit granted to Keystone XL oil pipeline later today

A statement released on Biden's plan of actions ahead of his inauguration later in the day In total, he will be signing 15 executive actions after the inauguration today but the above are among the notable ones laid out by the statement. Most of that has already been made known with the Keystone XL one having

Eurozone December final core CPI +0.2% vs +0.2% y/y prelim

Latest data released by Eurostat - 20 January 2021 The preliminary report can be found . here

Gold bucks seasonals: Is it a sign?

Gold has a slow start to 2021 Usually gold has a great start to the year on Chinese gold buying for the Lunar New year celebrations. In the last 10 years gold has risen eight years out of ten in January. The largest gain was in 2012 with a strong 9.14% rise. The biggest loss was

UK November house prices show highest growth rate since June 2016

The UK housing market continues to soar to new heights amid the virus crisis ONS reports that house prices grew by 7.6% y/y in November, reflecting the highest growth rate since June 2016. The data just reaffirms the housing boom in the UK amid the virus crisis as low rates and the stamp duty holiday has

Euro hits a snag as EUR/GBP threatens break of key technical support

EUR/GBP falls to its lowest level since May last year The push lower in EUR/GBP is playing into pound strength and euro weakness on the session, with the pair now falling to its weakest levels since May last year.

Gold buyers testing the waters in search of a potential push to the upside

Gold trades up by 0.8% on the day Price is trading closer to $1,855 currently as gold buyers are starting to try and push things in their favour a little in trading today.

European equities slightly higher at the open

A slight advance to kick start the session - Eurostoxx +0.4% - Germany DAX +0.2% - France CAC 40 +0.3% - UK FTSE +0.1% - Spain IBEX +0.4% This reflects the more positive mood in US futures as well, with S&P 500 futures up 0.2% and Nasdaq futures up 0.6% currently. Equities are still looking rather buoyant as we brace for

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