
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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Ichimoku Kinko Hyo
GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Silver continuous to stand below 38.2% retracement area. Bearish pressure gains momentum.
EU Market View
Asian equity markets traded indecisively as the region took its cue from a similarly uninspiring lead from the US. Looking ahead, highlights from macroeconomic calendar include ECB minutes, US building permits, housing starts, Philadelphia Fed, Eurozone consumer confidence, BoE's Saunders, Fed's Brainard, Bostic, ECB's Schnabel speeches.
The dollar was up on Thursday morning in Asia following its first back-to-back gains in two weeks overnight. Positive U.S. data that continued to raise hopes that the country will see a faster economic recovery from COVID-19 than its global peers. Progress is also being made on the U.S.’ proposed $1.9 trillion stimuluss package, with President Joe Biden meeting labor leaders on Wednesday to canvass support. The Federal Reserve also released the minutes from its January policy meeting on Wednesday, reinforcing its to let the economy overheat while maintaining accommodative monetary policy.
Oil prices rallied again on Thursday to hit 13-month highs as concerns that a rare cold snap in Texas could disrupt U.S. crude output for days or even weeks prompted fresh buying. EUR/USD edges higher amid a retreat in the US Tr yields. Further upside appears difficult for now as markets are worried about the negative impact of coronavirus lockdown restrictions in Europe.
EU Key Point
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
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