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Optimism Still Exists for More Stimulus
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 moves below the 23.6% level. It seems that the current risk-off mood does not help bulls.
EU Market View
Looking ahead, highlights from the macroeconomic calendar include German GfK Consumer Confidence, US Weekly Jobs and Existing Home Sales, Eurozone Consumer Confidence (Flash), CBRT Rate Decision, BoE's Bailey and Haldane, Fed's Kaplan and Barkin, ECB's Panetta and Hakkarainen speeches. Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
EU Key Point
- BOJ says that the Japanese financial system is maintaining stability as a whole
- Russia and Saudi rightly concerned about oil demand
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Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus