I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Euro remains resilient despite Brexit uncertainty
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver after a remarkable buying moves lower today below the key retracement area of 61.6%.
US Market View
World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S. tensions offset bets over more fiscal and central bank stimulus in Europe and the United States. In currencies, the pound was under heavy pressure and risk currencies fell as the lack of progress in Brexit talks dented hopes that UK and EU negotiators will be able to strike a trade deal before a transition period ends later this month. Oil prices weakened Monday on concerns the surge in coronavirus cases, mainly in Europe and the U.S., will result in more lockdowns, hitting demand for the product.
USA Key Point
- China halts beef imports from Australian firm
- Dollar keeps firmer on the softer risk mood today
- Brexit talks likely to conclude today if there is no further progress
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
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