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GBP/USD: Bulls in control at 35-month highs. What comes next?
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver continuous to stand below 38.2% retracement area. Bulls the last days defend their positions.
EU Market View
Asian shares turned mixed on Monday as expectations for faster economic growth and inflation globally battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison. MSCI's broadest index of Asia-Pacific shares outside Japan went flat, after slipping from a record top last week as the jump in U.S. bond yields unsettled investors.
Fed's Williams said the rise in 10-year yields is not a concern and is a response to fiscal support and vaccines. Looking ahead, highlights from macroeconomic calendar include German IFO, ECB's Lagarde, Fed's Bowman speech. Oil prices rose on Monday as the slow return of US crude oil output cut by frigid conditions raised concerns about supply, just as demand recovers from the depths of the coronavirus pandemic. Europe will decide whether to extend the suspension of its rules limiting budget deficits and debt, known as the Stability and Growth Pact (SGP), in coming weeks, the Commissioner for Economy P Gentiloni said on Monday.
EU Key Point
- EU's Gentiloni supports ‘’Objective of vaccinating 70% of adult population by the summer is ambitious but achievable’’.
- The RBA says it will not be hiking the cash rate for three years.
- Fed Chair Powell will be speaking this week.
- A senior Chinese official will be speaking on US-China relations at the top of the hour.
- Fitch has affirmed Australia rating at AAA and outlook negative.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
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