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 the leader today after very strong jobs numbers
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver bulls returned after a dovish FOMC statement and stand in the critical 50% retracement area.
EU Market View
European stock markets are seen opening mixed Thursday, with investors digesting a reassuring statement from the Fed as well as problems with the region’s Covid vaccination program. The Federal Reserve reassured investors that it was committed to maintaining an accommodative monetary policy for some time. The Fed also projected the U.S. economy will grow by a hefty 6.5% this year, thanks in part to massive federal fiscal stimulus and optimism around the success of coronavirus vaccines. Chairman Powell indicated that while inflation is expected to reach 2.4% this year, above the central bank's 2% target, this would be a temporary surge and he did not currently see the Fed raising its benchmark overnight interest rate through 2023.
Oil prices dropped for a fifth straight day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.
The European Central Bank is stress testing the broader economy to assess the economic risk of climate change three decades into the future, the bank's vice president said on Thursday. While full results of the test, which includes four million companies worldwide and almost all euro zone banks, will be published in mid-2021, early results show there is a clear benefit to early action, Luis de Guindos said.
EU Key Point
- EUR/USD falls to fresh session lows as dollar firms on higher Treasury yields.
- Nasdaq futures dumped as Treasury yields surge higher.
- Dollar catches a bid as Treasury yields break higher.
- Japanese media report the BOJ will widen its target yield band for 10 year JGBs to plus/minus 0.25%.
- Lagarde speech: Risks surrounding euro area growth outlook have become more balanced.
- GBP/USD set to retest last week high at 1.4018.
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