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USD/JPY : touches 110.00 for the first time in a year amid higher Treasury yields
Information is not investment advice
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.
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
- Treasuries selloff looks poised to extend further.
- ECB's Vasiliauskas: QE likely to stay for quite a while even after the virus crisis.
- Germany reports 9,549 new coronavirus cases, 180 deaths in latest update today.
- BOJ's Kuroda: Policy easing more complex due to need to monitor side effects.
- Bank of Japan Governor Kuroda talking again - global, Japan, economies showing signs of bottoming out.
- Japan February unemployment rate is 2.9% (expected 3.0%).
- Canada: COVID-19 pandemic now 'completely out of control' in Ontario.
- Erdogan has fired the deputy governor of the Turkish central bank.
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