Recently, for the first time in two decades, the euro reached parity with the US dollar…
Quiet Markets Looking for Dirrection
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 after a bearish correction is touching the 50% retracement area.
European Market View
European stock markets are seen opening cautiously higher Friday, with Chinese economic data suggesting a slow recovery ahead of the release of quarterly growth numbers for the eurozone. White House said Treasury Secretary Mnuchin told House Speaker Pelosi he was willing to move forward with COVID-19 aid on some issues, but not election funding. Looking ahead, highlights from macroeconomic calendar include Eurozone employment and GDP (2nd), US Retail Sales, Industrial Production and University of Michigan Survey.
European Key Point
- Eurostoxx futures trading at -0.2% in early European trading.
- NZ PM Ardern supports that will extend Auckland lockdown for an extra 12 days.
- Russia to publish coronavirus vaccine trials data in the coming days.
- Germany reports 1,449 new coronavirus cases in latest update today.
The second earnings season of 2022 has almost begun. From banks and tech stocks to cars and the retail sector: in this outlook, we covered the most promising releases of this summer and made several projections on the companies’ prospects.
The stock market has reversed, and now it’s going lower and lower…
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?
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.
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.