China's economy is rocketing. On the other hand OPEC+ countries take the decision to cut the production. What will be the impact on the oil price?
EURUSD remains largely range bound in the area of 1.13
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair has just eliminated the lower level of the Kumo. Further bearish sentiment will push prices towards the previous bottom. On the other hand, an upward wave would lead the exchange rate to enter the cloud.
Today's key release is the US jobs report.
Equity markets fell yesterday but sector/style rotation remains the big story with 10%-point performance difference between energy and tech with the New Year. Major indices closed as follows in the US: Dow Jones down by -0.5%, S&P 500 -0.1% while NASDAQ closed marginally up +0.1%. Sentiment in Asia this morning with Hang Seng leading the way. Futures in Europe and US in marginally higher.
EURUSD remains largely range bound in the area of 1.13, as weak equities are negative for the USD whereas strengthening commodities are negative for the EUR.
Oil prices fell to a three-month low following the release of US inflation data which was in line with expectations…
The US dollar index has lost around 12% since October 2022 till its local low at the end of January 2023.
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