Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Japanese Yen gains across the board but for how long ?
Information is not investment advice
XAG/USD: Silver facing a further consolidation above 61.8% retracement area. Bulls have returned recently.
Ichimoku Kinko Hyo
CHF/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. stock markets are set to open higher later, making good Monday’s losses on fears that the pandemic could cause a fresh slowdown in growth both in the U.S. and internationally. More local governments across the U.S. reintroduced mask mandates and some moved closer toward mandating vaccination, as the number of Covid-19 cases continued to rise.Louisiana, which has the highest proportion of new cases relative to population in the country, issued a statewide mask mandate for indoor spaces through the rest of the month. Seven Bay Area counties also took a similar step, meaning that around half of Californians are now subject to such restrictions.
The coronavirus pandemic may have pushed the United States into a volatile era of stronger growth and better productivity, but higher interest rates and faster inflation as well, St. Louis Federal Reserve president James Bullard said, elaborating on why he thinks the U.S. central bank should end its crisis-era policies. Bullard, who five years ago said he viewed the United States as mired in an epoch of low growth, low productivity and low inflation, said he is beginning to think a new "regime" may have arrived where the Fed will have to cope with faster change and more frequent shocks. Bullard said his call for faster action on ending bond purchases is to lower that likelihood, making smaller, earlier steps rather than risking the need to "scramble" later on. It's possible the United States and world economies may not have changed all that much. While a productivity model Bullard watches does show improvement, it did so also after the end of the last recession before fading.
Oil rose on Tuesday on expectation of a continuous decline in U.S. oil inventories, recouping some losses from the previous session due to lingering concern over rising cases of the Delta coronavirus variant.
The British public's expectations for inflation over the coming year rose sharply in July to 3.1% from 2.8% in June, although they remain below a recent peak of 3.8% recorded in December, a monthly poll from Citi and YouGov showed on Tuesday.
USA Key Point
- Fed's Bullard says that wants end of crisis-era policies to begin soon.
- Beijing has cut transport into the city to guard against COVID-19 surge.
- RBA likely won't make any policy adjustment in September or October – Westpac.
- Tokyo reports 3,709 new COVID-19 infections in the past day.
- Oil continues struggle to start the week, sellers stay in near-term control.
- USD/JPY keeps lower so far as sellers eye 109.00 level
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The G20 summit took place in Bali, Indonesia, on November 2022…