Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Dollar keeps firmer
Information is not investment advice
Ichimoku Kinko Hyo
NZD/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: Silver plunges below $22 and it seems that bears have the control of the market now. Recently it seems that buyers will struggle a lot to move markets higher.
EU Market View
Asian equity markets were lower on spill-over selling from peers on Wall St; Hong Kong underperformed. Looking ahead, highlights from the macroeconomic calendar include SNB, ECB Economic Bulletin, German Ifo, Fed's Powell, Williams, Kaplan, Bostic, Barkin, Evans, Bullard, Norges Bank's Olsen, BoE's Bailey speaks.
EU Key Point
- The dollar keeps firmer ahead of European trading
- $JPM set to pay $1B in record spoofing penalty
- BOJ minutes - policy Board says yet again it will metaease further if needed
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.
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.
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.