Recently, for the first time in two decades, the euro reached parity with the US dollar…
AUD/JPY ready for further downside pressure
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming bullish momentum.
XAG/USD: Silver lose strength and moves further below 38.2% level. It seems that bears increase downside pressure.
US Market View
The number of Americans applying for initial unemployment benefits fell to 787,000 last week, the lowest since April, but remained at levels indicating that the recovery in the labor market is struggling for momentum as the coronavirus pandemic enters its first full winter.
Economists had forecast a decline to 860,000. The prior week's figure was revised down to 842,000 from an initially reported 898,000.
The number of continuing claims, which are reported with a one-week lag to initial claims, fell sharply for a second straight week to 8.373 million. The previous week's figure was revised down to 9.397 million. Continuing claims are falling in part because many people have exhausted their eligibility for regular state benefits.
US Key Point
- Pelosi supports that soon be ready to put pen to paper on the stimulus bill
- House Speaker Pelosi supports talks with Mnuchin continue
- Paul Tudor Jones expects a Biden’s victory
- Weekly US initial jobless claims comes at 787K vs 870K expected
The second earnings season of 2022 has almost begun. From banks and tech stocks to cars and the retail sector: in this outlook, we covered the most promising releases of this summer and made several projections on the companies’ prospects.
The stock market has reversed, and now it’s going lower and lower…
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