
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
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Ichimoku Kinko Hyo
CHF/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Silver continuous to stand below 23.6% retracement area. Bullish pressure is growing during the last hours and before NFP.
EU Market View
Asian shares started the week in a cautious mood on Monday, as a spike in coronavirus cases across the region over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs. Investors were concerned about a spike in coronavirus infections in Asia, with Australia's most populous city of Sydney plunging into a lockdown after a cluster of cases involving the highly contagious Delta strain ballooned.
Indonesia is battling record high cases while a lockdown in Malaysia is set to be extended. Thailand too announced new restrictions in Bangkok and other provinces.
Chinese shares were a touch higher with the CSI300 index up 0.2%. Data over the weekend showed profit growth at China's industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity.
The dollar was largely unchanged in early European trade Monday, maintaining a firm tone after recent inflation data as the market prepares for this week’s key payrolls release. The dollar took an initial hit on Friday following the release of the Federal Reserve’s favorite gauge of inflation, the core US CPI This increased 0.5% in May, short of expectations for a 0.6% rise, which reassured some that inflation is not running out of control. Even so, the year on year was 3.4%, the biggest jump since 1992, and failed to completely quell fears that the Federal Reserve will be forced to normalize monetary policy sooner than it currently expects.
Adding support to the greenback were comments from Federal Reserve Bank of Boston President Eric Rosengren on Friday, who suggested the central bank could consider an interest-rate hike as soon as late 2022 as the labor market reaches full employment. With this in mind, Friday's nfp will be the market’s key focus this week, with economists expecting an increase of 675,000 jobs.
EU Key Point
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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