Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
European stocks moved higher in the beginning of the session on Tuesday
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is about to surpass the Tenkan Sen level. If that happens, the bullish sentiment most likely will be in force.
US Market View
European stocks moved higher in the beginning of the session on Tuesday, following the trend of the markets in the United States and Asia Pacific.
The United States dollar dropped, and the Australian dollar and Chinese yuan rose after the U.S. and China both hailed a phone call between their senior trade officials as a success.
US Key Point
- European stocks moved higher in the beginning of the session.
- The United States dollar dropped.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.