Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
BoE meeting and other highlights of the week
Information is not investment advice
The Bank of England is expected to keep its monetary policy unchanged this Thursday.
Ichimoku Kinko Hyo
AUD/JPY: The pair is now trading within the Kumo. A break through the cloud will push prices lower, confirming the bearish scenario and lower levels.
Fibonacci Levels
XPT/USD: Platinum is moving sideways below the level of 50% of Fibonacci retracement levels. A successful attempt to exceed this level will push prices higher, confirming a bullish outlook.
European Market View
More lockdowns due to increased figures from COVID-19. The Coronavirus continues with second waves escalating around the globe.
During the weekend, the rift between the US and China became wider as President Trump plans to ban Tik Tok.
The Bank of England is expected to keep its monetary policy unchanged this Thursday.
Following previous week’s some important corporate results, earnings season will continue this week.
European Key Point
- More lockdowns due to increased figures from COVID-19.
- Rising Tensions between US and China.
- The Bank of England is expected to keep its monetary policy unchanged this Thursday.
- Following previous week’s some important corporate results, earnings season will continue this week.
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EUR/USD: bearish forecasts
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EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
Popular
Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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