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EUR/GBP: Bulls return again
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 bullish outlook.
XAG/USD: Silver the last day shows a remarkably bullish momentum that send price at 61.8% retracement area.
EU Market View
European stock markets are seen opening sharply lower Friday, with investors cutting positions given the uncertainty surrounding the populist trading movement. Global stocks are set for their worst weekly slide in about three months, partly on the turmoil caused by small traders organizing over online forums, such as Reddit, to force hedge funds to reverse short positions on a series of stocks. Looking ahead, highlights from macroeconomic calendar include German jobs report, US PCE, personal consumption, Canadian GDP, Chicago PMI, Uni. of Michigan (final), ECB's de Guindos, Fed's Kaplan and Daly speeches.
Oil prices were mixed on Friday as a pending supply cut by Saudi Arabia and lower U.S. oil stocks helped counter risks of slowing fuel demand due to stalled vaccine rollouts and contagious new coronavirus strains.
EU Key Point
- Japan January consumer confidence index 29.6 vs 29.0 expected.
- Germany reports 14,022 new coronavirus cases, 839 deaths in latest update today.
- US Treasury Sec Yellen is heading to the White House Friday to give a briefing to Biden.
- China's overnight repo rate has hit its highest since 2015.
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