
After reaching $60, WTI oil has taken a new pattern - still an uptrend, though. When will it make the next step?
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GBP/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 continuous to stand above 38.2% retracement area. There is indecision between bulls and bears.
Asian equity markets were subdued in holiday-thinned trade and following a mixed lead from Wall Street. Britain's coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall in output since modern records began but avoided heading back towards recession in the final quarter of the year, official figures showed on Friday. The dollar headed for its first losing week in three as new signs of weakness in the U.S. jobs market dented investor expectations about the pace of economic recovery from the pandemic. The dollar remained on the back foot on Friday in Asia, pinned near two-week lows, after the release of weaker-than-expected weekly U.S. jobless claims data the previous day.
Looking ahead, highlights from macroeconomic calendar include UK GDP, Uni. of Michigan, Fed's Williams speech.
After reaching $60, WTI oil has taken a new pattern - still an uptrend, though. When will it make the next step?
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud…
After reaching $60, WTI oil has taken a new pattern - still an uptrend, though. When will it make the next step?
NVIDIA is set to release its earnings results after the closing bell on February 24. What to expect?
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
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