Recently, for the first time in two decades, the euro reached parity with the US dollar…
EUR/USD, USD/CHF and corection in gold
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
XAU/USD: Gold after a remarkable bearish correction finds buyers close to 23.6% retracement area.
European Market View
Asian equity markets traded with a lacklustre tone following on from a weak lead from US where the major indices faltered in late trade. Looking ahead, highlights from macroeconomic calendar include UK GDP, Swedish CPI, US CPI, DoEs, Fed's Rosengren and Kaplan speeches. Asian stocks dipped today on growing uncertainty over whether the US lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus.
European Key Point
- Eurostoxx futures at -0.5% in early European trading.
- German health minister says that he is 'very skeptical' about Russian coronavirus vaccine.
- China's People's Daily supports that "Taiwan is an inseparable part of the Chinese territory".
The second earnings season of 2022 has almost begun. From banks and tech stocks to cars and the retail sector: in this outlook, we covered the most promising releases of this summer and made several projections on the companies’ prospects.
The stock market has reversed, and now it’s going lower and lower…
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus