Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
EUR/USD: looks at 1.25 target
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. Downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAU/USD: Gold sell-off keeps going. Sellers send price below 38.2% retracement area.
US Market View
The dollar headed lower in early European trade Monday, as traders deserted the safe haven on hopes that Congress will finally agree on a fiscal stimulus package ahead of the Federal Reserve's policy meeting. A bipartisan bill for a $908 billion Covid-19 relief package is set to be introduced in Congress later in the day, which could be split into two separate packages in order to maximize the chances of something getting through differences between Republicans and Democrats. The pound rebounded after the U.K. and European Union agreed to extend their negotiations on a post-Brexit free trade agreement yet again, after missing the latest self-imposed deadline on Sunday. The Organization of Petroleum Exporting Countries will release its monthly report on the world oil market as crude oil futures consolidate above $50 a barrel for the first time since the pandemic erupted.
USA Key Point
- The GBP is the strongest and the USD is the weakest
- US expects to immunise 100 million by March
- ECB's Panetta says inflation will remain subdued
Gerasimos Papagiannis
Similar
USDJPY continues to be below the 110.00 area
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading within the cloud…
Gold exploded after FOMC meeting!
As we discussed in the previous article devoted to gold, the price is growing extremely fast after a dovish FOMC’s statement…
Popular
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.
Choose your payment system
