Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Travel and airline sectors are expected to rise in today’s session
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is trading within the Kumo. Any decisive movement to the south will push the market to exit the Kumo, confirming a bearish scenario.
US Market View
Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment. Various sector stocks, such as travel and airline are about to rise.
Gold prices topped up on Monday as the dollar dipped, making bullion cheaper for holders of other currencies. Spot gold had an increase 0.5% at $1949.6 per ounce.
Crude oil prices moved higher today as storms bore down on the Gulf of Mexico, shutting more than half the region’s production of oil. Brent crude oil futures added 33 cents or 0.7% and West Texas Intermediate crude was up 29 cents or 0.68%.
US Key Point
- Stock futures rose in the beginning of the week.
- Gold prices topped up on Monday as the dollar dipped.
- Crude oil prices moved higher 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.