Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Gold exceeded $2.000 per ounce
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair has eliminated the key levels of Tenkan Sen and Kijun Sen. Further pressure of the bears will push prices even to lower ground.
XPD/USD: Palladium is now testing the key Fibonacci retracement level at 50%. If the bulls manage to withstand the sellers’ pressure, the commodity will move even higher, with stronger bullish implications.
US Market View
Stock futures rose on Wednesday as investors awaited further updates on stimulus talks. In addition, another batch of economic data reports and corporate earnings are about to be released. Nasdaq index logged a 5th straight session of gains and Dow rose for a 3rd day in a row. Gold exceeded $2.000 per ounce.
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.