Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Dollar keeps steadier so far before Powell's speech
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.
Fibonacci Levels
XAU/USD: Gold facing a further weakness the last hours and trading near a full retracement area. Gold weakness shows momentum and duration.
US Market View
U.S. stocks are seen weakening at the open Thursday, continuing the previous session’s sell-off ahead of a key speech from Federal Reserve Chairman Powell. This will be the last chance to hear from the Fed before it enters the two-week blackout period this weekend ahead of the March 17th FOMC meeting. Worries about lofty U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell would address concerns about a rapid rise in long-term borrowing costs.
Wednesday saw the release of an unexpectedly weak private payroll report, bringing the weekly jobless claims figure into focus later Thursday, ahead of Friday’s closely watched NFP report. Oil prices were largely unchanged Thursday, with traders waiting for news from a meeting of top producers over output levels going forward, particularly given Saudi Arabia’s surprise announcement in January of a unilateral cut of an additional one million barrels per day.
USA Key Point
- UK and US agree to four-month suspension of tariffs in Boeing-Airbus dispute.
- Risk back on the defensive again as the market continues to wait on Powell.
- Eurozone January retail sales comes at -5.9% vs -1.4% m/m than expected.
- Eurozone January unemployment rate comes at 8.1% vs 8.3% than expected.
- Silver falls to fresh five-week low as precious metals stay pressured.
- ECB's Knot supports that discussion starting point is that rise in rates reflect better growth, inflation prospects.
- Germany February construction PMI comes at 41.0 vs 46.6 than expected.
- US' Fauci supports that it is reasonable to see some return to normal by autumn.
- NZD/USD posts modest losses below 0.7250 as markets await Powell.
Similar
EURGBP rose on dovish BoE
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
The highlight for markets today will be the FOMC meeting
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Popular
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Choose your payment system
