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 : Risk on gains further amid possitive news
Information is not investment advice
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.
XAU/USD: Gold facing some strength the last hours but trading below 23.6% retracement area.
US Market View
U.S. stocks are seen opening higher Tuesday, with the tech sector expected to bounce back sharply after recent losses as vaccination optimism grows. Meanwhile, the House of Representatives will have the final vote on President Joe Biden’s $1.9 trillion Covid relief bill on Tuesday after it passed the Senate with some revisions over the weekend. That clears the path for the president to sign it by next week. Adding to the positive news, the CDC said Monday that people who’ve been fully vaccinated against Covid-19 can meet safely indoors without masks. This announcement came with over 30 million Americans having received both doses of vaccines.
Crude prices had surged Monday, with Brent spiking above $70 a barrel, after an attack on Saudi Arabia’s oil facilities by Yemen-based forces. However, there was limited impact and prices ended the day lower. Gold found some support near the $1675 region and is edging higher on Tuesday. The yellow metal should remain resilient as the US dollar is set to resume its downtrend while real yields are not expected to march forward in the coming months.
USD/JPY has climbed from just below the 104.00-level at the end of January to a fresh intraday high of 109.20 which has brought the pair back to within touching distance of the high from last June.
USA Key Point
- Treasury yields stay on the retreat ahead of North American trading.
- AUD/USD runs test of key near-term levels as dollar holds weaker on the day.
- Eurozone Q4 final GDP -0.7% vs -0.6% q/q second estimate.
- Dollar retreats further on the session on lower yields.
- Gold gets a slight reprieve on the day, but the outlook is still rather gloomy.
- GBP/USD eases from tops, intraday uptick falters near 1.3900.
- WTI climbs to $69 area following Monday's correction.
- Euro Stoxx 50 to advance towards the 3867 high of 2020.
- NZD/USD extends rebound above 0.7170 amid broad USD weakness.
- USD/CHF slides to 0.9320 area, retreats further from multi-month tops.
- USD/JPY corrects from multi-month tops.
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