I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
AUD is the strongest and JPY is the weakest
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAU/USD: Gold remains weak and is trading below the 38.2% retracement area.
US Market View
US stocks are seen edging higher Thursday, continuing the recent strong rally after Fed chief Jerome Powell reaffirmed that the central bank’s monetary policy will remain supportive for some time yet. Stock markets have benefited from large amounts of financial largesse, both fiscal and monetary, as central banks and governments sought to try and support their Covid-hit economies.
Federal Reserve Chairman Jerome Powell stated Wednesday that the central bank’s accommodative policies still need to stay in place for a considerable time, saying the employment picture is a “long way” from where it needs to be.
Additionally, talks are still underway in Washington over President Joe Biden’s $1.9 trillion stimulus package, although Congress currently seems to be fully focusing on former President Donald Trump’s second impeachment trial.
The number of people filing initial claims for unemployment benefits again came in higher than expected, extending a sequence of only minimal declines as the pandemic continues to generate high numbers of layoffs.
USA Key Point
- US initial jobless claims come at 793K vs. 760K than the estimate.
- The UK vaccinates nearly 20% of the population.
- Cable falls to session lows as pound gains ease a little.
- Germany's Merkel supports that lockdown will not be maintained a day longer than necessary.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus