Dollar stretches gains on the session
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.
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.
Michael Eliades
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Dollar stretches gains on the session
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.
EUR/USD: bearish forecasts
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
EURGBP targets with confidence higher
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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