Recently, for the first time in two decades, the euro reached parity with the US dollar…
S&P500 hit an all-time high in the previous session
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.
European Market View
S&P500 hit an all-time high in the previous session. The United States dollar though is still under pressure. Today’s highlight is the Federal Reserve minutes from the meeting in July 2020 which will be particularly interesting ahead of the upcoming important meeting in September 2020. It is expected that Fed will provide guidance on the new target.
European Key Point
- S&P500 hit an all-time high in the previous session.
- Federal Reserve minutes from the meeting in July 2020.
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.