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21.01. Fresh trading analysis: markets are up, ECB meeting in focus

Thursday, January 21st, today’s news—global markets are optimistic as Joe Biden takes office, and more stimulus is expected in the US. Investors await the ECB monetary policy meeting, dollar continues to weaken. The price of Brent oil is $55.66, WTI—$52.93, EUR/USD is at 1.2136, GBP/USD—1.3742, gold is $1,870.10 per ounce. …

Cisco stock analysis

Cisco's stock continues its upward movement, as the price tries to break the resistance level at 45.25 and stabilize above it, and continue the upside path.

Trading continues above the 20-50 moving averages, as the price moves directly above the 7-20 averages, which support the price to achieve more gains, …

Gold analysis

Gold price futures fluctuated in a declining range during the Asian session, to witness their rebound from the top since January 8th, overlooking the bounce of the US dollar index, the third session in four sessions from its high since December 21, according to the inverse relationship between them after …

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