Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP/JPY remains a good sentiment of brexit uncertainty
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver after a selloff is trading above the 38.2% retracement area.
US Market View
World shares slipped and sterling skidded to its lowest in nearly a month on Friday as markets confronted the risk of Britain leaving the European Union without a trade deal, with doubts over US stimulus also nagging. A no-deal Brexit would damage the economies of northern Europe, send shock waves through financial markets, block up borders and wreak chaos through the delicate supply chains which stretch across Europe and beyond. Sterling fell 0.9% against the dollar, touching its lowest point since Nov. 16 and putting it on course to ending five straight weeks of gains. Volatility also rose to its highest in over eight months.
USA Key Point
- The JPY is the strongest and the GBP is the weakest
- UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit
- FDA says will rapidly work towards finalization of Pfizer vaccine emergency use authorization
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.