
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
Don’t waste your time – keep track of how NFP affects the US dollar!
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The USD has started the day on a positive footing and pushed USD/JPY upwards. Early in the morning the Bank of Japan held the last meeting this year and extended the Covid-19 relief program by the next 6 months. Elsewhere, Japan published core consumer prices, which were in line with market expectations, but still, they marked the largest drop since late 2010. As a result, the Japanese yen dipped and pushed USD/JPY upwards.
USD/JPY is trading in a downtrend, but today the pair has surged up. It is touching the 100-hour moving average and the upper line of the Bollinger Bands. That’s why we can assume it should pull back and start falling. It will meet the 50-hour moving average at 103.30 on its way down, which it’s unlikely to break by the first attempt. If it manages to cross it, it will plummet deeper to the key psychological mark of 103.00. Resistance levels are 103.75 and 104.00.
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
Johnson & Johnson will announce its earnings results for the first quarter on April 20 at 15:30 MT. Let’s get ready!
PepsiCo will publish its financial results for the first quarter of this year on April 15 at 13:00 MT. Be prepared!
In the last three quarters of 2020, Morgan Stanley has been outperforming the forecasts. Will it happen the same for Q1'2021?
Johnson & Johnson will announce its earnings results for the first quarter on April 20 at 15:30 MT. Let’s get ready!
Ichimoku Kinko Hyo CAD/JPY: The pair is trading below the cloud…
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