Dollar stretches gains on the session
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.
Potential new fiscal policy package in the US
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is about to exit the Kumo, confirming a new bullish outlook.
European Market View
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.
European Key Point
- Potential new fiscal policy package in the U.S.
- Fed Chair Powell will deliver a keynote speech this Thursday.
- United States and euro-area consumer confidence figures this week.
Michael Eliades
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Popular
Dollar stretches gains on the session
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.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
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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