
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
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Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAG/USD: Silver facing a significant weakness and it is trading near above 50% retracement area.
US Market View
U.S. stock markets and bond yields are set to open sharply lower as investors unwind previous bets on strong growth and relatively high inflation continuing into the medium term. The delayed 2020 Summer Olympic Games will take place without spectators, after Prime Minister Yoshihide Suga declared emergency for the prefecture of Tokyo due to rising cases of Covid-19.The decision had been widely expected, as new infections in the Tokyo prefecture have been rising for nearly a month and hit their highest level since mid-May on Wednesday. Japan has been slow to vaccinate its population so far, with barely a quarter of the population receiving even one jab.
The European Central Bank set a new inflation target on Thursday and claimed a role in fighting climate change after a strategy review that marks the biggest overhaul to date of Europe's most powerful financial institution. The central bank for the 19 countries that use the euro currency has picked up an array of roles over the years, from bank supervision to payment infrastructure, especially in the wake of the bloc's debt crisis a decade ago.
Its first strategy review since 2003 was long overdue and ECB chief Christine Lagarde made it a key priority when she took over from Mario Draghi in late 2019. The project had been scheduled to take a year but was stretched to 18 months as policymakers focused on responding to the COVID-19 pandemic. In a decision flagged by policymakers, the ECB set its inflation target at 2% in the medium term, ditching a previous formulation for "below but close to 2%," which had created the impression it worried more about price growth above the target than below it.
U.S. claims are expected to have fallen to a new post-pandemic low of 350,000, from 364,000 last week. The numbers are due for release at 8:30 AM ET. They come a day after the Labor Department’s monthly for May showed that layoffs had already reached a record low as a newly-reopened service sector scrambled for workers.
USA Key Point
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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