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...
EUR/CHF : looks for a breakout in highest levels since December 2019
Information is not investment advice
Ichimoku Kinko Hyo
NZD/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 bulls return and send price again above 38.2% retracement area. It seems that a bullish trend is shaping.
US Market View
U.S. stocks are seen opening lower Tuesday, with the high-growth tech sector set to be hit hard as rising bond yields force a rethink of the models underlying some valuations. Federal Reserve Chairman Jerome Powell starts his two days of Congressional hearings later Tuesday, particularly with President Joe Biden’s $1.9 trillion stimulus package likely to be approved by Congress in the next few days. The spending package implies Treasury issuance well beyond what the Fed has said it will buy. The Fed’s repeated assurances that it will keep policy loose this year have been one of the factors behind the sharp run up in assets such as commodities, as well as other assets that are implicit bets on dollar devaluation.
The pound hit its highest in a year against the euro and its highest since April 2018 against the USD after Prime Minister Boris Johnson outlined what he called a “cautious and irreversible” path out of lockdown by July.
Oil prices surged Tuesday with U.S. production slow to return from the deep freeze which affected large swathes of the country last week, including Texas, the largest crude producing state.
USA Key Point
- UK PM Johnson is very optimistic on 21 June full reopening.
- Sterling stays more resilient as UK reopening keeps the optimism flowing.
- Tech leads the drop as equities correct in European morning trade.
- Stocks turn lower on the day as hints of risk aversion creep into the market.
- Gold holds above $1,800 but any major upside pushes likely to be elusive for now.
- Japan reportedly to decide on Friday on whether to lift Tokyo state of emergency.
- EUR/USD trades at one-month highs as the dollar keeps more vulnerable.
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