OPEC+ - unexpectedly - decided to gradually increase back the oil supply. What's the outlook for the oil price?
Bank of England makes no changes to monetary policy
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAG/USD: There is not a retracement for silver. One bullish rally is followed by another one.
EU Market View
Asian equity markets traded mixed amid a lack of fresh catalysts and with the region failing to take advantage of the mild tailwinds from Wall Street. Looking ahead, highlights from macroeconomic calendar include BoE and RBI Monetary Policy Decisions, US Initial Jobless Claims, Fed's Kaplan.
EU Key Point
- Germany June factory orders comes at +27.9% vs +10.1% m/m expected.
- BOE leaves bank rate unchanged at 0.10%.
- Tokyo coronavirus panel worrying about infection spread in all areas of the city.
EUR/AUD rose to 1…
US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic.
According to Westpac, the AUD is undervalued. What target do they set?
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…
Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…