Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
EUR/USD : a dovish or hawkish ECB will trigger a possible buying opportunity
Information is not investment advice
Ichimoku Kinko Hyo
CHF/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
XAG/USD: Silver bulls has a dynamic come back the last days and send prices below 61.8% retracement area.
EU Market View
Asia-Pac stocks traded mixed as the region struggled to maintain the momentum from the US. US President Biden’s administration signaled that it is considering Iranian sanctions relief. European stock markets are seen opening higher Thursday, taking their lead from the positive close on Wall Street overnight although gains are seen tempered with caution ahead of the latest meeting of the European Central Bank.
The monetary policy meeting of the Governing Council this week is unlikely to lead in new policies , however traders will be looking for more clarity on two key points. First, the ECB’s strategy with regards to capping government bond yields. Second, on how the central bank’s views on the economic outlook are developing
Looking ahead, highlights include ECB policy announcement & press conference, US IJC, existing home sales, EZ consumer confidence, supply from Spain and France. Earnings from AT&T, Intel
EU Key Point
- Credit Suisse estimates roughly CHF 600 million impact from Archegos Capital fallout in Q2.
- India records world's highest single-day tally of coronavirus cases, exceeding 300,000 infections.
- Germany reports 29,518 new coronavirus cases, 259 deaths in latest update today.
Gerasimos Papagiannis
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Time to Sell AUD
The Reserve Bank of Australia will hold a meeting on August 3. Analysts expect a dovish move, which may send the AUD down.
Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
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