Dear Clients,
Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.

For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]


market review 14 January 21

14 January 21

Biden’s expected stimulus boosts markets, melts gold, Powell, jobless claims eyed

Reports that Biden’s is set to announce a $2 trillion package have been boosting markets and weighing on gold. Investors are shrugging off Trump’s second impeachment and eyeing a speech from Jerome Powell, jobless claims, and coronavirus headlines.
Jerome Powell, Chairman of the Federal Reserve, speaks later in the day and will likely convey a message of stability regarding the Fed’s bond-buying scheme. His colleagues have been talking about the possibility of tapering the scheme, somewhat boosting the dollar.
US initial jobless claims are set to stabilize below the 800,000 level as the US economy continues struggling with covid.
Europe: Germany reported another daily death record and the end to the lockdown is out of sight. The European Central Bank releases its meeting minutes on Thursday, and it may repeat President Christine Lagarde’s message that uncertainty has receded.
UK: Prime Minister Boris Johnson is under growing pressure to tighten restrictions once again as pressure on hospitals intensifies. Covid mortalities hit a record on Wednesday, but infections show tentative signs of falling. GBP/USD remains buoyed by Britain’s accelerated vaccination campaign and by hawkish words from the Bank of England early in the week.
Chinese exports have increased in December, showing the strength of the world’s second-largest economy. A World Trade Organization delegation has arrived in Wuhan to investigate the origins of COVID-19.

GBP/USD is Bullish but Before We Should See a Retracement

The GBP/USD is bullish but before the next bounce we might see a retracement.
Yesterday we were witnessing a drop in the GBP/USD. It was normal as it’s a part of a retracement. We could see the market bullish again probably around 2 POC zones. 1.3600-10 is the first zone and below 1.3600 we should see a drop towards the second zone. The second POC zone is 1.3505-1.3522. This is a stronger POC so the bounce could be happening here too. Targets are 1.3680 and 1.3730.

EUR/CHF to decline towards the December low at 1.0736 – Commerzbank

The EUR/CHF pair has eroded the 1.0797 55-day ma and is looking more vulnerable. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, highlights the next support levels at the 1.0736 December low and the 1.0724 200-day moving average.
“EUR/CHF has stalled at the 1.0858/91 September and December highs and has now eroded the 55-day moving average at 1.0797. This guards the December low at 1.0736 and the 200-day ma at 1.0724.”
“The market is currently vulnerable on the downside. Below the December low at 1.0736 lies good support at the late July, August and September lows at 1.0727/12. Within this area meanders the 200-day moving average at 1.0724 and below it sits the November trough at 1.0630.”

WTI faces initial hurdle at $54.45

The barrel of WTI reached fresh yearly tops just below the $54.00 mark on Wednesday before closing the session in the red territory. The move was in tandem with rising open interest and volume, which should be supportive of a corrective move in the very near-term. This view is reinforced by the current overbought levels in the commodity (gauged by the daily RSI). The resumption of the upside is seen targeting the February 2020 high near $54.50 per ounce.

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. UR Trade Fix Ltd accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Past performance does not constitute a reliable indicator of future results and future forecasts do not constitute a reliable indicator of future performance.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services