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 strength
Information is not investment advice
Ichimoku Kinko Hyo
USD/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 a further weakness the last hours and trading near a full retracement area. Gold continues to flirt with session lows as US dollar appreciates.
US Market View
U.S. stocks are seen opening higher Friday, building on the strong close to the previous session with the banking sector likely to be in the spotlight. These late gains broke a recent trend of poor finishes, with the Dow and S&P 500 now potentially recording a positive week, meaning March could be the fourth strong month in five. The Nasdaq Composite is still 1.8% lower, heading for its first down month since October. U.S. stock index futures edged higher on Friday as investors bought undervalued energy and bank stocks betting on what is expected to be the fastest economic growth since 1984, while awaiting inflation data later in the day.
Wall Street's major indexes have swung between gains and losses this week as an end-of-quarter rebalancing of investment portfolios led to alternating boost from stocks that stand to benefit from a re-opening economy and beaten-down technology stocks.
Bank stocks are likely to be in the spotlight Friday after the Federal Reserve announced late Thursday that these financial institutions can resume buybacks and raise dividends in the second half of the year, pending the results of stress tests in June.
Weekly jobless claim fell to a one-year low and fourth-quarter GDP growth beat expectations on Thursday. Friday sees the release of personal income and spending figures for February as well as the final print of the Univercity of Michigan reading for March.
Oil prices rebounded Friday amid worries that it may take weeks to free the container ship stuck in the Suez Canal, blocking supply through the key waterway for a prolonged period of time.
USA Key Point
- Dollar keeps lower as risk sentiment holds firmer on the session.
- German health minister warns that healthcare capacity could reach its limit in April.
- Germany March Ifo business climate index 96.6 vs 93.2 expected.
- USD/JPY climbs to highest level since June as Treasury yields tick higher.
- XAU/USD struggles near weekly lows, bears await a break below $1720.
- NZD/USD rebounds from multi-month lows, closes in on 0.7000.
- GBP/USD to warn of a more significant correction lower below 1.3779.
- USD/JPY to prolong its recent upward trajectory towards the 110.00 psychological mark.
- AUD/USD clings to recovery gains above 0.7600 ahead of US inflation data.
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