Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
European markets traded slightly higher on Wednesday
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is about to exit the Kumo. If that happens, a new bullish sentiment is in force.
US Market View
European markets traded slightly higher on Wednesday, amid optimism about United States and Chine trade.
China is poised to purchase a record amount of U.S. soybeans in 2020, following a drop in the prices of this agricultural commodity this year during the pandemic.
Some strategists on Wall Street are concerned that the current market rally and environment has made stocks vulnerable to a decline.
US Key Point
- European markets traded slightly higher on Wednesday.
- China is poised to purchase a record amount of U.S. soybeans.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.