Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Fed Chair Powell Testifies
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
EU Market View
Asian equity markets were lower across the board with weakness stemming from the uninspiring performance in global peers. European stock markets are seen largely rebounding Tuesday after the previous session’s sharp losses. However, the overall tone remains weak amid concerns that the region’s recovery will be stymied by fresh lockdowns.
Looking ahead, highlights from the macroeconomic calendar include Riksbank & Hungarian rate decisions, US existing home sales, BoE Governor Bailey, ECB's Panetta, Lane speeches, Fed Chair Powell, Evans Barkin speeches.
EU Key Point
- Dollar firms a little more to start the session
- UK's Gove supports that new restrictions will be imposed
- BoE rate cut expectations to increase
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Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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