Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
Fed vice chair Clarida will deliver a speech on US monetary policy
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is trading above the Kumo. An upward wave would lead the currency pair higher, confirming the bullish scenario.
European Market View
On Monday preliminary August German HICP inflation ticks in. It is expected to hold steady around zero.
Fed vice chair Clarida will deliver a speech on US monetary policy. Given his importance in the FOMC, we are looking forward to hear his views on the Fed’s new average inflation targeting regime and perhaps indications of what it intends to do at the upcoming September meeting to ensure the new regime is credible.
European Key Point
- On Monday preliminary August German HICP inflation ticks in.
- Fed vice chair Clarida will deliver a speech on US monetary policy.
Michael Eliades
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Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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