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The US dollar suffers its worst month in a decade
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: USD/JPY has just surpassed the Kumo, indicating strong bullish momentum.
XAU/USD: Gold reached the support level at 38.2% in today’s session. Further drop of the market will push prices lower towards the 50% of the Fibonacci retracement level.
US Market View
- Coronavirus: US cases jump by 67.000, US agrees to pay Sanofi and GSK 2.1 billion dollars for 100 million doses of coronavirus vaccine.
- The US dollar suffers its worst month in a decade.
- US private consumption was recovering in May and June but remained 6.5% below the pre-corona peak level in Feb.
- Canadian GDP (M/M) May: 4.5% (est. 3.5%; prev -11.6%)
- Canadian GDP (Y/Y) May: -13.8% (est -14.6%; prev -17.1%)
US Key Point
- EURUSD touched briefly the 1.1900 handle but was unable to stay above that level.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus