Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Markets Cautious, Brexit and Stimulus Talks in Focus
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming bullish momentum.
XAG/USD: Silver during the last hours is trying to move higher and continues to stand above 23.6% retracement area. Silver’s outlook remains bullish.
US Market View
U.S. stock markets are set to open moderately lower after making strong gains on Monday in expectation of a fiscal stimulus package.
Trump returns to the White House, talk on fiscal stimulus progresses, and central bankers line up to promise more. Stocks are drifting lower, but oil is well supported ahead of weekly stockpile data. Here is what you need to know in financial markets on Tuesday, October 6th. Talks on a fresh round of fiscal support for the U.S. economy appear to be making progress toward completion.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke by telephone for an hour on Monday to narrow their remaining differences. The talks are set to continue Tuesday, according to various reports.
US Key Point
- EU reportedly ready to call UK's bluff on Brexit talks
- ECB's de Cos supports that here is a risk that vaccine might not arrive by middle of 2021
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.