Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EСB will struggle to soften euro for long time
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a new bullish outlook.
XAU/USD: Gold bulls return and send price above 61.8% retracement area.
US Market View
The U.S. will release its weekly numbers on jobless claims, at a time when Congress is still struggling to make any headway on a fiscal relief package – not least due disagreements over enhanced unemployment benefits. U.S. stocks are set for another flat opening, still in suspended animation as talks continue on Capitol Hill over a stimulus package. Boris Johnson and Ursula von der Leyen gave their negotiators another four days to bridge still-wide differences over key issues such as fishing rights, state aid and dispute resolution, after failing to make any visible headway in personal talks on Wednesday. The European Central Bank is expected to provide fresh monetary stimulus at its council meeting.
USA Key Point
- ECB Lagarde: The economy seen shrinking in Q4, with the services severely curbed
- US initial jobless claims comes at 853K vs 725K than estimate
- The AUD is the strongest and the GBP is the weakest
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.
The US dollar index has all chances of reaching the 2000s high of 120.00.