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US Dollar gains across the board
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver continuous to stand below 38.2% retracement area. Despite the recent efforts from bulls, it seems that bears control the trend.
EU Market View
Asian equities traded higher following the positive performance on Wall Street where the S&P 500 and DJIA extended on record levels. Looking ahead, highlights from macroeconomic calendar include German ZEW, US retail sales, industrial production. Fed policymakers are expected to forecast that the U.S. economy will grow in 2021 by the fastest rate in decades, as it recovers from a coronavirus-stricken 2020. The Bank of England also meets this week on Thursday, while the Bank of Japan wraps up a two-day gathering on Friday.
Longer-term U.S. Treasury yields slipped further on Tuesday, as the market looked ahead to government debt auctions and the Fed's two-day policy meeting, which will conclude on Wednesday. The earlier rise in yields stemmed from investors speculating that rising inflation expectations could force the Federal Open Market Committee to signal it will start raising rates sooner than expected.
President Joe Biden's order to make vaccination available to all adults by May 1 contrasted with stuttering rollouts in Germany, France and elsewhere, where use of the AstraZeneca vaccine has been suspended due to concerns over possible serious side effects.
EU Key Point
- Germany reports 5,480 new coronavirus cases, 238 deaths in latest update today.
- BOE will continue bond purchases in 2021.
- Nikkei 225 closes higher by 0.5%.
- BOJ's Kuroda supports that asset prices are not part of BOJ's policy target.
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