Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Dollar gains after touching three-week lows. What is next?
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAU/USD: Gold facing a further weakness the last hours and trading below the 23.6% retracement area.
US Market View
The US stock market was closed on Monday for Presidents Day, but February is still on track to be the strongest month for the major Wall Street indices since November. US stocks are seen pushing higher Tuesday, continuing recent gains amid growing confidence the country’s ramped-up vaccination program will lead to a prompt economic recovery. Germany, Europe’s largest economy, rose sharply in February on expectations consumption will take off in the coming months, the ZEW economic research institute said earlier Tuesday.
Oil prices hovered near 13-month highs on Tuesday, supported by a cold snap that shut wells in the biggest US producing state Texas, although gains were capped by a wage deal in Norway that averted supply disruptions in Europe.
The US dollar was mired at a three-week low on Tuesday as growing optimism about the outlook of the global economy in the coming months. Sterling, extended gains to hit $1.3950, its highest level since April 2018 as Britain leads the world in per-capita vaccination speed. However, in the last hours, US Dollar gains strength.
USA Key Point
- The NZD is the strongest, while the JPY is the weakest.
- Germany February ZEW survey current situation comes at -67.2 vs -66.5 than expected.
- BOJ's Kuroda supports that BOJ policy effective in maintaining long-term rates at low levels
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Popular
Best Instruments to Trade This Week
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Choose your payment system
