Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
AUD, GBP, NZD top session performers against the dollar
Information is not investment advice
a
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAG/USD: Silver continuous to stand above the 38.2% retracement area. The battle between bulls and bears keeps going.
EU Market View
Asia-Pac lacked firm direction as risk appetite was sapped by holiday closures for many key markets in the region and following an uninspired handover from the US. European stock markets are seen opening marginally higher Thursday, with investors looking to take their cues from the corporate sector on another busy earnings day. Stock markets have posted strong gains over the last few months on expectations that additional US fiscal stimulus coupled with global vaccination programs would usher in a period of economic growth as the influence of the coronavirus pandemic waned.
However, the European markets have woken up Thursday to more muted trading elsewhere, with Wall Street closing marginally lower overnight and many countries in Asia-Pacific, including China, Japan, and South Korea, shut for holidays.
Looking ahead highlights from the macroeconomic calendar include US initial/continued jobless claims, OPEC & IEA, ECB's de Guindos, and supply from Italy and the US, earnings.
EU Key Point
- Germany reports 10 237 new coronavirus cases, 666 deaths in the latest update today.
- US President Biden tweets: "I will work with China when it benefits the American people."
- Biden, Xi (US & China presidents) spoke on the phone - Biden was concerned about unfair economic practices.
- US President Biden set to announce a review of strategy on China.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Popular
Will USDJPY slide lower in 2023?
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
BoC Rates Could Alter The Trend on USDCAD and others
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
MSFT faces gloomy forecasts ahead of earnings report
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Choose your payment system
