Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
EUR/USD Remains Quiet Before ECB
Information is not investment advice
Ichimoku Kinko Hyo
GBP/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.
Fibonacci Levels
XAG/USD: Silver stands above the 23.6% retracement area. Seems that a consolidation period is ahead.
EU Market View
Asian equity markets traded mostly positive, following the upbeat performance in EU counterparts. Looking ahead, highlights from macroeconomic calendar include German Trade Balance and Eurozone GDP.
EU Key Point
- French statistics agency says economic activity seen at 95% of pre-virus levels in Q3
- Hong Kong announcing further easing to virus restrictions
- New Japanese Prime Minister Suga is supporting that Abenomics will continue
Michael Eliades
Similar
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
Popular
Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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