Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Dollar lower, risk shrugs off stimulus worries
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold bulls try to remain above the critical retracement area of 38.2%.
US Market View
U.S. stocks are set to open moderately higher, with signs of the market slowing down ahead of the Christmas holiday. France agreed to reopen its border with the U.K., after sealing it at the weekend in response to the discovery of a new and more contagious variant of the Covid-19 virus.
Crude oil prices edged higher overnight, rebounding after a surprise build in U.S. inventories last week. The American Petroleum Industry estimated that crude stockpiles rose 2.7 million barrels last week, the sixth straight weekly increase and the biggest in four weeks
USA Key Point
- EU member states have started to prepare for provisional application of UK deal
- US November prelim durable goods orders +0.9% vs +0.6% expected
- Canada October GDP +0.4% m/m vs +0.3% expected
- The NZD is the strongest and the CHF is the weakest
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
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.