Update Daily Market Analysis 20/01

S&P 500 May Retreat 7% by End of February: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a4EzHczhZBbY

Euro May Fall to 2010 Low on Cloud Failure: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ad7A3p3eIwhI

Gold to Gain in ‘Bull Trend,’ Barclays Says: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aJgFlJ3UhFDI

Sugar May Jump 16% on ‘Buying Opportunities’: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=akQL.s8Rvzr8

Crude Oil May Surge to $117 by End of Year: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a6Z8BQ0kRE6E

S&P 500 Due for Pullback, Strategas Says: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aL4.pOEeNQc0

Euro May Avoid Medium-Term Drop, Lloyds Says: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aqGF6h.J7afU

Goldman Commodities Risk Near 7-Year Low
http://www.cnbc.com/id/41159523

Stocks Headed for a Correction?
http://www.cnbc.com/id/15840232?video=1752095723&play=1

Resolutions 2011: CNBC Poll—Confidence In The Stock Market
http://www.cnbc.com/id/41076685

Thursday Look Ahead: Further Bumps for Stocks After Worst Day in 2 Months?
http://www.cnbc.com/id/41163748

It's January, Time For A Portfolio Tune-Up
http://www.cnbc.com/id/41022553

Daily Forex Technicals | Written by Admiral Markets The Daily Wave Analysis

Currency pair EUR/USD
The price has updated again the local maximum, presumably having finished the impulse v of (c) of [x]. If the assumption is true, it is possible to expect the beginning of decrease in pair as formation of the impulse (wedge) (a) of [y].

Currency pair GBP/USD.
Ascending movement of the price which has begun on January, 7th, 2011, actual market mood looks not finished, that allows to look at the prospective wave (y) of [b] not much differently. Result on the Figure. Presumably, the wave (y) of [b] takes the form of the simple Zigzag at which the impulse with of (y) comes to the end. B same time the price comes nearer to level of cancellation of the given scenario. That speaks about possibility of realisation of alternative.

Currency pair USD/JPY.
Presumably, the correctional wave [ii] of 3 becomes the Double Zigzag at which the impulse with of (y) of [ii] comes to an end. If the assumption is true, after its end, it is possible to expect the beginning of strengthening of US dollar as the first waves of the impulse [iii] of 3.