
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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Fibonacci Levels
XAG/USD: Silver facing a further consolidation above 23.6% retracement area. Bulls have returned recently.
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
US Market View
U.S. stocks are seen opening higher Tuesday, with the tech-heavy nasdaq leading the way, helped by renewed confidence in the Federal Reserve retaining its ultra-easy monetary policy, while strong earnings from the retail sector again testify to the strength of consumer demand.
European stocks ground out new post-pandemic highs, the cyclical-heavy national indices benefiting from the gradual shift in global investor preferences to value overgrowth. The German DAX hit an all-time high as the country’s Constitutional Court effectively drew a line under the attempts of euro critics to stop the ECB’s purchases of government bonds.
The dollar fell to its lowest in nearly three months as Federal Reserve officials continued to play down inflation concerns. Fresh comments from influential Federal Reserve officials restored confidence in an extended period of ultra-loose monetary policy. The move lower had been started by Fed vice-chair Clarida, who said on Thursday that April’s higher-than-expected inflation numbers were no reason to start tapering the Fed’s asset purchases.
Elon Musk has a new antagonist, and it’s one with a cult following of his own. Michael Burry, famous from his role in shorting mortgage-backed securities over a decade ago, has opened a short position on Tesla, according to a regulatory filing by his hedge fund Scion Asset Management. Analysts estimated the value of the bet against Tesla at around $530 million. As it’s not detailed when the position was opened, it’s impossible to know whether the bet is in the money or not. However, Tesla’s shares lost nearly 7% in the first quarter, and are currently 35% off their peak.
USA Key Point
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 GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
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