
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
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AUD/JPY: The AUD/JPY pair is about to exit the Kumo, confirming a new bullish outlook.
The market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
Later this week Fed Chair Powell will deliver a keynote speech at Jackson Hole focusing on the Fed’s long-awaited monetary policy framework.
Also, for the United States and the euro-area consumer confidence figures are about to be released this week.
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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