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 pares gains, equities trim losses ahead evening trading
Information is not investment advice
Ichimoku Kinko Hyo
CHF/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 after a remarkable rally is trading above 38.2% retracement area.
US Market View
U.S. stocks are seen trading lower Friday, with the week’s volatile trading, sparked by retail traders’ activism, set to continue. The main U.S. equity indices are on course for their worst week since the end of October, amid heightened volatility spurred by speculative trading from retail investors. U.S. stock markets are set to open clearly lower again, amid expectations that hedge funds will again be forced to liquidate long positions to meet margin calls on shorts that are again being squeezed by retail traders.
Oil prices edged higher Friday, boosted by upcoming supply cuts from Saudi Arabia, the largest exporter of oil in the world, as well as falls in U.S. crude stockpiles.
The Eurozone economy may have shrunk less than estimated in the fourth quarter, according to releases from some of its bigger member states on Friday. Germany’s gross domestic product rose by 0.1% in the quarter, a little better than the stagnation implicit in the country’s earlier estimate for 2020 as a whole. French GDP fell by 1.3%, much less than the 4% drop expected,
USA Key Point
- The NZD is the strongest and the JPY is the weakest.
- Johnson & Johnson says its vaccine is 66% effective overall.
- ECB unlikely to cut rates as benefit seen limited.
- Silver in the spotlight
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