Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
The next stimulus bill in the United States
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading within the Kumo. Should USD/JPY manage to exit the cloud will signal a bull sentiment.
XPT/USD: The commodity has just surpassed the key level at 56.8%. Further bullish momentum will lead the Platinum further up into higher grounds.
European Market View
In terms of economic data releases, today is considered as a quiet day.
The focus is on the ongoing negotiations of the next stimulus bill in the United States, which do not seem to move forward.
Quarterly earnings results set for release today are about to give further indications of the corporate-level impacts of the pandemic.
European Key Point
- The next stimulus bill in the US.
- Quarterly earnings results set for release today.
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.