Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.