GBPUSD : test the 200 hour moving average/50% retracement hurdle
Ichimoku Kinko Hyo NZD/JPY: The pair is trading above the cloud…
GPB/USD : stands on key resistance area
Information is not investment advice
Fibonacci Levels
XAU/USD: Gold facing a further consolidation below a full time retracement area.
Ichimoku Kinko Hyo
NZD/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
U.S. stocks are seen opening lower Monday, handing back some of the gains of the previous session ahead of the release of the latest minutes from the April Federal Reserve meeting. Oil prices edged lower Monday as new Covid-19 restrictions in parts of Asia raised concerns of reduced demand in the region. Global shares hit the pause button and gold briefly reached a three-month high as surging COVID-19 cases in Asian countries and inflation pressures tempered demand for riskier assets.
Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns some economies could overheat, requiring policymakers to tap on the brakes.The world index, a broad gauge of equity markets globally, was flat in European trade, albeit less than 2% from a recent record high. That followed its best day since February on Friday after an early week inflation-driven selloff.
Worries are growing that the highly transmissible coronavirus variant which has hit India so hard is spreading to other countries. Singapore and Taiwan, are seeing new outbreaks, while Japan has further expanded a state of emergency casting fresh doubt over its ability to host the Tokyo Olympics in July.
The United States and the European Union issued a joint statement on Monday saying that they can partner to "hold countries like China that support trade-distorting policies to account". The statement was issued by the United States Trade Representative Katherine Tai, U.S. Secretary of Commerce Gina Raimondo, and European Commission Executive Vice President Valdis Dombrovskis. The statement announced the start of discussions to address global steel and aluminum excess capacity.
USA Key Point
- The Netherlands is to further ease COVID-related lockdowns as of May 19th.
- Taiwan set to ban foreign entry from May 19th - June 18th.
- Italy April CPI Final 1.0% y/y vs 1.0% y/
- Risk tone worsens a little as the session gets underwa
- Equity futures showing sign of potential weakness.
Gerasimos Papagiannis
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Ichimoku Kinko Hyo USD/JPY: The pair is trading above the cloud…
Technical analysis for EUR/USD
EUR/USD found support at 1.1845 and is currently trading just below the 61.8% Fibonacci retracement of the March-May advance at 1.1920.
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GBPUSD : test the 200 hour moving average/50% retracement hurdle
Ichimoku Kinko Hyo NZD/JPY: The pair is trading above the cloud…
USD continues to retrace some of its Tuesday (US time) losses
Ichimoku Kinko Hyo USD/JPY: The pair is trading above the cloud…
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