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/JPY represents some recent risk averse attitude
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows.
XAG/USD: Silver bulls return aggressively and send price above the 61.8 % retracement area. It seems that further bullish rally is possible.
European Market View
Asian equity markets were mixed after an uninspiring handover from the US where stocks pulled back from record levels. In the US, the House will conduct a vote on a 1-week continuing resolution on Wednesday to provide lawmakers more time to work on government spending and virus relief. Looking ahead, highlights from the macroeconomic calendar include German ZEW, EZ GDP (final). The dollar slid against most currencies as investors eyed potential stimulus and vaccine development. Sterling clung to hopes of a meeting between British Prime Minister Boris Johnston and European Commission President Ursula von der Leyen salvaging a Brexit trade deal. Oil prices fell, extending losses from the previous session
EU Key Point
- France's Beaune: There is still room to negotiate on Brexit
- Germany reportedly to discuss tighter virus measures sometime this week
- Pfizer tells US officials that it cannot provide substantial additional vaccine doses until late June
- Germany reports 14,054 new coronavirus cases in the latest update today
- Gold extends gains to a fresh two-week high.
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