Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
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.
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Dollar stretches gains on the session
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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