Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Japanese Yen Skyrockets
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAU/USD: Gold has made a full correction. The risk averse does not help gold today.
US Market View
Stocks are set to tumble on a cocktail of bad news: the virus is surging again in Europe, while the death of Supreme Court Justice Ruth Bader Ginsburg threatens to distract lawmakers from the business of passing a fiscal stimulus package.
US stock markets are set to open sharply lower on Monday, weighed down by a cocktail of news, not least by suspicions that the death of Supreme Court justice Ruth Bader Ginsburg at the weekend will distract lawmakers from the urgent task of approving a new package of economic support measures
US Key Point
- The JPY is the strongest and the NZD is the weakest
- Fed's Kaplan supports that once US gets to the point of lower unemployment; not sure rates stay at zero
- UK chief medical adviser Whitty supports that it is difficult to balance between the virus and the economy
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.