I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
US Dollar bears return as risk on gains momentum
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAU/USD: Gold facing a further consolidation the last hours and trading near 23.6% retracement area.
US Market View
U.S. stock markets opened mostly higher on Monday, with the technology nasdaq leading the way as last week's fears of inflation receded, bringing down long-term bond yields moderately. Early movers on Monday included Tesla stock. which rose 4.6% after fund manager Cathie Wood, who has placed one of the biggest institutional bets on the electric vehicles, said the stock should hit $3,000 by 2025, based on her expectations for its autonomous driving software and, to a lesser extent, the rollout of its insurance operations.
Rising numbers of Covid-19 infections from Europe to India and South America have cast doubt over whether the world economy will be able to recover at quite the speed currently expected.
European Union foreign ministers formally agreed on Monday to blacklist Chinese officials for human rights abuses, one EU diplomat said, the first sanctions against Beijing since an EU arms embargo in 1989 following the Tiananmen Square crackdown. The ministers approved the travel bans and asset freezes on four Chinese individuals and one entity, whose names will be made public later on Monday, accusing them of rights abuses against China's Uighur Muslim minority in Xinjiang
USA Key Point
- Fed's Powell: ‘’We do not want to destabilize with a central bank currency’’.
- Chicago Fed national activity index comes at -1.09 vs +0.71 than expected.
- CHF is the strongest and the USD is the weakest.
- ECB's Knot supports that 'Major part' of yield rise this year due to better fundamentals.
- Bundesbank says German economy likely to contract sharply in Q1 2021.
- Barclays expects a delay to Eurozone economic recovery.
- BOJ purchases ¥50.1 billion worth of ETFs today.
- AstraZeneca US phase III vaccine trial shows 79% efficacy in preventing symptomatic cases.
- UK PM Johnson: Effects of third wave coronavirus wave to be felt soon.
- EUR/JPY Price Analysis: Decent support now seen around 129.00.
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