Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Minor Market Movements While USD Gains
Information is not investment advice
Midday Market View
President Donald Trump could be discharged from the hospital where he is being treated for COVID-19 as soon as Monday. Biden, 77, has tested negative for the disease several times since sharing a debate stage with Trump last Tuesday. Trump also is pushing to install federal judge Amy Coney Barrett on the Supreme Court, which would lock in a conservative majority on the nation's highest court for years to come.
Midday Key Point
- UK September final services come at PMI 56.1 vs 55.1 expected
- Eurozone August retail sales comes at +4.4% vs +2.5% m/m expected
- Eurozone October Sentiment investor confidence comes at -8.3 vs -9.3 expected
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Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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Will USDJPY slide lower in 2023?
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
BoC Rates Could Alter The Trend on USDCAD and others
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
MSFT faces gloomy forecasts ahead of earnings report
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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