USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
EUR/JPY : touches 2 years highs in a bullish delirium
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAU/USD: Gold facing some buying support the last hours and trading above 38.2% retracement area.
US Market View
Germany's economy could shrink by around 1.5% in the beginning of the year, the DIW research institute said on Wednesday, as lockdown measures to restrict coronavirus infections take a toll on Europe's biggest economy.
EUR/USD trades flat near 1.2150, having faced rejection at 1.2180 on Tuesday. The pair trades well within Tuesday's indecisive range. Lagarde's comments keep the EUR bulls from cheering Jerome Powell's dovish comments. German data awaited.
Absent another government spending push in Europe to match the "go big" drive of new U.S. President Joe Biden, markets suspect the European Central Bank (ECB) may be forced to push back with even more bond buying to calm the waters. ECB chief Christine Lagarde sent the first shot across the bows on Monday saying the central bank was "closely monitoring the evolution of longer-term nominal bond yields"
Market anxiety about the inflationary impact of the U.S. government's massive, planned spending boost is driving up U.S. Treasury yields and undermining the dollar. That risks stifling Europe's recovery with a stronger euro and relatively higher real borrowing rates, even though Europe's fiscal stimulus is dwarfed by Washington's $1.9 trillion plan.
USA Key Point
- US futures back to flat levels on the day as investors brush aside early pessimism.
- Franc meltdown continues as risk tones keep calmer in European trading.
- BOJ's Kuroda supports that bond purchases are for monetary policy purposes, not for the government.
- USD/JPY pushes higher in back-and-forth week so far.
- The Hang Seng suffers biggest daily drop since May last year amid HK's first trading tax hike since 1993.
Gerasimos Papagiannis
Similar
Stocks: Q1'2021 earnings reports coming!
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
EUR/GBP: looks to extend upside push towards 0.8700.
Ichimoku Kinko Hyo USD/JPY: The pair is trading above the cloud…
Popular
Stocks that benefit from chip shortage
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Stocks: Q1'2021 earnings reports coming!
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
Choose your payment system
