Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD : more appreciation is ahead
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold facing a further consolidation above 23.6% retracement area.
US Market View
European Union recovery funds to be transferred to Spain will boost economic growth by two percentage points annually in the coming years, Prime Minister Pedro Sanchez said on Tuesday.
The government will use the money to finance 110 major investment projects, Sanchez said, including nearly 3.2 billion euros in renewable energy.
U.S. stock index futures fell on Tuesday as U.S. federal health agencies recommended pausing the use of Johnson & Johnson single-dose COVID-19 vaccine, while investors awaited a reading on a key inflation report.
The call for pause in vaccine distribution comes after six recipients developed a rare disorder involving blood clots. J&J's shares shed 2.8% premarket, with the U.S. Centers for Disease Control and Prevention set to hold a meeting on Wednesday to review the cases.
USA Key Point
- The JPY is the strongest and the CAD is the weakest.
- US health agencies call for immediate pause of Johnson & Johnson vaccine.
- Germany April ZEW survey current situation -48.8 vs -54.1 expected.
- Dollar gains ease up on the session, all eyes still on US inflation data later.
- USD/JPY erases earlier gains, falls to session lows.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.