Monday is a U.S. holiday, and financial markets are unscathed.
The three major U.S. stock indexes** closed slightly higher. Major stock indexes in Europe and Asia-Pacific were mixed, with the Nikkei holding steady at 38,400 points, just around 1% away from its all-time high. China's first trading day of the Year of the Dragon got off to a good start, but related indices such as the A50 and HK50 retreated overnight.
The U.S. dollar index was flat at 10427, the third day in a row, rose to 2018, and WTI hovered above $78.
Currency market volatility was limited overnight, with the euro and pound broadly flat, the US holding steady above 150 and the Australian dollar ending a four-day winning streak as it approached a key resistance zone.
wti**。
WTI has been hovering around $78 and 200 days for the past week. Geopolitical risks and the continued sharp increase in U.S. inventories provide some positive for oil prices, but the upper side continues to be suppressed by the $78-80 area, and the possibility of a pullback is concerned, with the primary support at 75Around 80.
On the upside, if it can completely break through the previous high of $80, it will open up upside.
eurusd
The euro is at 1Trendline and 100mA are under pressure again around 0780, watch out for downside risks during the day. 1.0700-1.The 00725 area is the primary support below, with a break below or a test before a 1 low0660 line. From a fundamental point of view, the sluggish economic performance of the eurozone has increased the need for the ECB to cut interest rates, while the strength of the US dollar is also a bearish factor.
With some consolation, the upward trend line from September 2022 may limit the euro's decline. If the pair can avoid risk, form a lower low and return to 1Above 0800, it may temporarily alleviate the downward trend that has lasted for nearly three months.