What I am Watching Today: The US Dollar and the Department of Justice

Currency Markets - The EUR/USD is consolidating after a significant upward movement, with a potential shorting opportunity if the DXY holds at 98.50, indicating a possible drop towards the 200-day EMA [1] - The GBP/USD is struggling at the 1.35 level, with a cautious outlook on the Pound against the US dollar; a potential shorting opportunity may arise if a long wick forms at this level [2] - January is typically a volatile month for markets, affecting not just currency but all financial markets [3] Natural Gas Market - The natural gas market is being monitored closely, with a key level at $3.50; a breakout above this level could lead to a significant upward move towards $4.30, while anything below $3.00 would be concerning [4] Equity Markets - The Nasdaq 100 is currently experiencing volatility, with the 25,250 level seen as a value point; despite recent headlines, key metrics remain unchanged, and a soft jobs number may lead to increased quantitative easing [5] - The market is expected to see small movements in early January, with larger moves anticipated towards the end of the month as money managers adjust their portfolios for the new year; there is a general bullish sentiment towards stocks, indices, and metals, with expectations of a strengthening US dollar [6]