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AUD/USD remains weak as investors await FOMC
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold facing a further weakness the last hours and trading below 23.6% retracement area.
US Market View
U.S. stocks are seen opening largely unchanged Wednesday, remaining near record levels amid rising investor optimism over the economic recovery as Covid-19 vaccination program runs. Stock markets have gained from the expectation of the Biden administration delivering a $1.9 trillion stimulus package later this month, while the government also announced Tuesday plans to acquire an additional 200 million doses of Covid-19 vaccines, enough to inoculate most Americans by summer.
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe's big banks and kick-started a debate among politicians about whether they may ultimately need state help. While executives voice confidence, European officials worry the banks' problems have started. They fear more borrowers will default when government support, including billions of euros of loan guarantees in France, Spain and elsewhere, is unwound.
USA Key Point
- EU says it has reached new deal with Moderna for supply of 300 million vaccines.
- Dollar keeps more resilient ahead of North American trading.
- UK PM Johnson supports that lockdown should be eased in stages.
- German health minister says that data shows virus variants are spreading quickly in Germany.
- Draghi supports that Italy will not regain pre-pandemic levels before the end of 2022.
- Gold falls to fresh lows in over two months amid firmer dollar, higher yields.
- Cable tests key near-term support once again as dollar moves lower.
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