USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
USD/CHF : stages modest rebound before testing 0.9400, clings to modest gains
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.
Fibonacci Levels
XAU/USD: Gold facing a further weakness the last hours and trading below a full retracement area. Gold continues to flirt with session lows.
US Market View
U.S. stocks are seen opening mixed Wednesday in cautious trading, with President Joe Biden set to unveil his infrastructure plan and ahead of the release of closely-watched employment data. Investors are awaiting details on President Joe Biden’s plan to revitalize U.S. infrastructure later Wednesday, including the size of the total package and what measures will be taken to fund it.
Britain will on Wednesday push G7 allies to get tough on China over "pernicious practices" that undermine the international trading system, calling for an overhaul of outdated and ineffective World Trade Organization rules. Trade minister Liz Truss will host her G7 counterparts and the new head of the WTO, using Britain's platform as current president of the group of rich countries to promote post-Brexit Britain as a leading free trade advocate. Wider relations between London and Beijing have soured in recent months, with tit-for-tat sanctions over China's human rights record and a bitter row over reforms to the governance of former British colony Hong Kong.
Ahead of this the ADP Research Institute releases its report on private payrolls for March at 8:15 AM ET (1215 GMT). The number will likely show a significant pickup in hiring as lockdowns ease and weather improves, with expectations for a gain of 550,000, a significant jump from February’s 171,000 increase. This will act as a curtain raiser for Friday's official employment for March.
USA Key Point
- France said to be mulling a national lockdown to deal with rise in virus infections.
- Tax increases to be paying for Biden's $2.25 trillion infrastructure plan White House.
- ECB's Lagarde: We will give sufficient notice before unwinding stimulus measures.
- ECB's Lagarde: The market can test us as much as they want.
- Germany March unemployment change -8.0k vs -3.0k expected.
- China looks into establishing a new bourse to attract overseas-listed firms – report.
- French president Macron to address public later today at 1800 GMT.
- USD/TRY meets some resistance in the 8.4000 area.
- USD/JPY holds steady near one-year tops, above mid-110.00s ahead of US data.
Gerasimos Papagiannis
Similar
Stocks: Q1'2021 earnings reports coming!
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
EUR/GBP: looks to extend upside push towards 0.8700.
Ichimoku Kinko Hyo USD/JPY: The pair is trading above the cloud…
Popular
Stocks that benefit from chip shortage
Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.
USD/CAD : falls after jobs report but runs into wall of USD buying
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Stocks: Q1'2021 earnings reports coming!
What are the first stocks that'll see their quarterly reports out? Let's check them out and prepare for some moves in the stock market!
Choose your payment system
