I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Gold and silver will remain in a very strong bullish trend.
Information is not investment advice
XAU/USD: Gold facing a further consolidation on a full-time retracement area. Bulls continue to consolidate before try to move higher.
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
US Market View
World stocks and copper prices hit new peaks on Monday on bets that interest rates will remain low and the economy will continue its recovery, while oil prices jumped after a cyber attack on a U.S. pipeline operator. The S&P500 hovered near record highs on Monday as investors awaited economic data this week for more clarity on the pace of economic recovery, while higher commodity prices supported shares of miners, energy and steel companies. The S&P500 and the Dow ended at record closing highs on Friday as an unexpected slowdown in monthly jobs growth eased inflation worries and fueled bets that the U.S. Federal Reserve would remain accommodative for longer. While some tech stocks got a boost Friday in the wake of the disappointing jobs report, some portfolio managers say that blow-out earnings from several large tech companies over the last few weeks are not enough to keep making outsized bets on the sector.
Wednesday’s CPI figures for April get top billing on the U.S. economic calendar this week amid concerns among investors that rising price pressures could prompt the Fed to start scaling back monetary support measures sooner. While inflation is on the rise, Fed policymakers have repeatedly said the increase is due to temporary factors.PPI figures are due out on Thursday, followed by retail sales data on Friday. Retail sales jumped in March boosted by stimulus checks and this effect is expected to carry over into April.
Top U.S. fuel pipeline operator Colonial Pipeline has shut, without saying when it would reopen, after a cyber-attack involving ransomware on Friday. Colonial is the main source of gasoline for the East Coast and also serves some of the largest U.S. airports. The incident has highlighted how vulnerable U.S. energy infrastructure is to hackers.
The UK is to release data on first quarter GDP on Wednesday which is expected to confirm that the recovery from the pandemic is already underway. While growth over the whole period is expected to have contracted the monthly figures for March may show a sharp increase as the vaccination rollout allowed pandemic restrictions to be eased.
USA Key Point
- The GBP is the strongest and the JPY is the weakest as the NA session begins.
- Fed's Evans: Friday's jobs numbers were 'definitely surprising'.
- Eurozone May Sentix investor confidence 21.0 vs 15.0 expected.
- Cable gains to fresh highs since late February as buyers keep break above 1.4000.
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