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/JPY keeps a slight bounce of its 100-day moving average
Information is not investment advice
Ichimoku Kinko Hyo
AUD/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 after further weakness is trading below 23.6% retracement area.
US Market View
World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss. U.S. stocks are set to open with light profit-taking at the end of another broadly positive week, punctuated by bursts of retail investor frenzy. Central banks across the world are clearer of late that their policies will be accommodative even beyond the current emergency period and this is further supportive for risk assets.
Markets in China and most of Southeast Asia were closed for the Lunar New Year. China's stock and bond markets, foreign exchange and commodity futures markets are closed through Feb. 17 for the holiday.
U.S. weekly unemployment claims fell less than expected and core consumer prices rose at a slower pace, causing some traders to temper their optimism about the economic outlook. House Speaker Nancy Pelosi said the Democrats’ proposal for a $15 minimum wage will be in the final draft of the stimulus package when the House debates it. The proposal, if implemented, could have far-reaching impacts on the structure of consumer spending in the U.S., along with risks to low-wage employment.
The British economy contracted by the most in over 300 years last year due to a combination of the pandemic and lower business investment due to the Brexit uncertainty. The Russian ruble fell after Foreign Minister Sergey Lavrov said the country was ready to break off diplomatic relations with the European Union.
USA Key Point
- The USD is the strongest and the NZD is the weakest.
- Japan health minister says aim to give official approval to Pfizer vaccine as early as Sunday.
- Gold turns lower as the dollar firms.
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