Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Dollar retreats from highs ahead of Yellen's testimony
Information is not investment advice
Ichimoku Kinko Hyo
USD/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
XAG/USD: Silver breaks down many support levels but recently buyers achieved to send price above 23.6% retracement area.
EU Market View
Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday. Treasury Secretary nominee Yellen is expected to call for big action to spur a recovery. Looking ahead, highlights from macroeconomic calendar include German ZEW, Yellen's Treasury Secretary confirmation hearing, BoE's Haldane, earnings from GS and Netflix.
EU Key Point
- Europe car sales plunged by the most on record in 2020
- Germany December final CPI comes at -0.3% vs -0.3% y/y
- USD/JPY continues to face stiff resistance just above the 104.00 area
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Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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