Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
Dollar stretches gains on the session
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAU/USD: weakness for gold is gaining momentum with sellers to keep price below 23.6% retracement area.
US Market View
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December. President-elect Joe Biden will issue a flurry of executive orders in his first days as president with the explicit aim of reversing as much as possible of his predecessor’s agenda. Crude oil prices fell but industrial metals rose as China’s GDP data painted a picture of robust near-term demand.
USA Key Point
- EU reportedly to seek extension to ratify Brexit trade deal
- Gold remains in a precarious spot to start the new week
- Pound retreats as EUR/GBP rebounds from key technical support level
Gerasimos Papagiannis
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USDJPY continues to be below the 110.00 area
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading within the cloud…
Gold exploded after FOMC meeting!
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Time to Sell AUD
The Reserve Bank of Australia will hold a meeting on August 3. Analysts expect a dovish move, which may send the AUD down.
Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
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