Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
British Pound leads on strength all currencies today.
Information is not investment advice
Ichimoku Kinko Hyo
AUD/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 gains strength during the last hours. It seems that bulls will return soon.
US Market View
U.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that could mark the beginning of the best annual economic growth in nearly four decades.
Investors will get a fresh glimpse of the U.S. economic health in the form of ISM's survey of the services sector, which accounts for more than two-thirds of U.S. economic activity. The data is due at 10 a.m. ET (1400 GMT).
Oil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider demand recovery in 2021.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply.
USA Key Point
- The CAD is the strongest and the EUR is the weakest.
- Yellen speech today will focus on global minimum corporate tax.
- Nomura reportedly to finalise, disclose losses tied to Archegos episode later this month.
- UK prime minister Boris Johnson to announce next steps out of lockdown later today.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.