I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
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.
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.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus