
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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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.
Fibonacci Levels
XAG/USD: Silver prepares to touch a full retracement area. Sellers have decided to send prices significantly lower.
EU Market View
European stock markets are seen edging higher at the open Tuesday, following Wall Street higher as fears of a broader fallout from the U.S. hedge fund default ease. Concerns about a surge of Covid-19 cases in the region will limit gains. In France, Finance Minister Bruno Le Maire said "all options are on the table" to protect the public. The news is more positive in the U.K., where the vaccination program has been more successful, as a stay-at-home order and some other lockdown measures have been lifted in England.
Oil prices edged lower Tuesday as shipping resumed through the Suez Canal and the focus turned to the meeting of the Organization of Petroleum Exporting Countries and its allies, a grouping known as OPEC+, later this week.
Japanese financial institutions have seen credit costs rise this fiscal year due to uncertainty over the business prospects of borrowers that suffered from the COVID-19 pandemic, the central bank said on Tuesday.
Looking ahead, highlights include German regional & national CPI, US consumer confidence, Fed's Quarles, Bostic, Williams speeches.
EU Key Point
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
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