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...
USD/CAD: softer US dollar and higher crude oil helping the pair
Information is not investment advice
Ichimoku Kinko Hyo
CAD/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 weakness the last hours and trading below 23.6% key retracement area. Gold bulls are disappointed from the current price action.
US Market View
U.S. stocks are seen opening slightly lower Thursday, consolidating after recent gains amid cautious trading ahead of key unemployment data, while the cold snap keeps oil prices elevated. Oil prices extended recent gains Thursday, as although the winter storm that crippled the Texas electrical grid is moving out of the state, freezing temperatures remain, hampering attempts to restore power.
Data Wednesday pointed to a strong economic recovery, with retail sales climbing 5.3% on the month in January and producer prices climbing more sharply than expected, but the FOMC minutes from its last meeting emphasized that its monetary stance will nonetheless remain easy for some time.
USA Key Point
- ECB policymakers agreed that ample monetary stimulus remained essential.
- BOE's Saunders supports ‘’don't need to decide yet on negative rates.’’
- Cable closes in on the week's high as buyers stay in the hunt towards 1.4000.
- US futures keep lower ahead of North American trading.
- EUR/USD regains some of yesterday's decline, but sellers stay in near-term control.
- EUR/GBP falls to lowest levels since April last year as the technical breakdown continues.
- The GBP is the strongest and the USD is the weakest.
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