Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD eyes 50-day SMA after Monday's surge
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAU/USD: Gold consolidates at 38.2% retracement area. The upcoming stimulus should help gold to move higher.
EU Market View
European stock markets are seen opening a little lower Tuesday, weighed by weakness on Wall Street as time begins to run out on a new U.S. stimulus package while European governments continue to tighten public health measures to stop the spread of Covid-19. Nancy Pelosi said a stimulus package must be agreed in the next 48 hours if it is to pass before the election, as the Democratic speaker of the House of Representatives turned up the heat on senior Republicans over coronavirus aid. Ms Pelosi will meet Steven Mnuchin, the Treasury secretary, on Monday as the two look to thrash out differences over proposed relief measures which could amount to about $2tn.
Looking ahead, highlights from the macroeconomic calendar include US Building Permits/Housing Starts, Fed’s Williams, Quarles and Evans and supply from Germany. Earnings include UBS, Bellway, Phillip Morris, P&G, Lockheed Martin, Netflix.
EU Key Point
- Germany September PPI comes at +0.4% vs -0.1% m/m than expected
- Germany reports 6,868 new daily coronavirus cases in latest update today
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.