Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAG/USD: Silver stands above the 50% retracement area. Buyers have returned.
US Market View
The number of Americans applying for initial unemployment benefits came in at a larger than forecast 884,000 last week, indicating that labor market recovery is stalling amid the ongoing coronavirus pandemic. Headline inflation is likely to remain negative in the coming months and to turn positive in early 2021, Lagarde said. She noted that the euro will put downward pressure on inflation.
US Key Point
- ECB September forecasts see higher inflation in 2021
- ECB September GDP forecasts show bump in 2020 to -8.0%
- Lagarde says that there is no need to overreact to euro gains
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.