
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.
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Ichimoku Kinko Hyo
CAD/JPY: CAD/JPY has just entered within the Kumo. A strong bearish momentum will push the market lower, indicating further bearish implications. On the other hand, an upward wave will lead the currency pair to exit the cloud.
Fibonacci Levels
XPT/USD: Platinum set to eliminate the key level at 17% of Fibonacci retracement level. The next resistance is seen at the previous top at 930.15.
US Market View
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.
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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.
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
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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