Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Stock’s futures gain in today's session
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading above the Kumo. Further bullish momentum will trigger the market to reach fresh highs.
European Market View
Today investors are awaiting the ZEW Indicator of Economic Sentiment for the German economy, showing more optimism among analysts, while the uncertainty from COVID-19 may temper the expectations.
At 16:00 CET Fed’s Mester will deliver a speech. The House of Representatives of the U.S. Congress may approve the 1 trillion dollars infrastructure package. Stock’s futures gain as traders eye the risk of the virus.
In Europe, companies will report earnings on Tuesday. The cautious optimism in Europe reflects similar sentiment emerging in Pacific and Asia, where shares slightly rose this morning.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
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The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
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