Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Will fed save USD from further weakness?
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAG/USD: Remarkable strength for Silver. It seems so far that bulls control market
US Market View
The Federal Reserve winds up its last monetary policy meeting of the year, against a backdrop of low expectations for action, despite a visible slowdown in the economy under the influence of the pandemic’s latest wave. The Eurozone economy held up better than expected in December, despite the spread of lockdowns across the continent to contain the coronavirus. The Santa rally looks to have begun, with U.S. stocks set to build on Tuesday’s robust gains when the markets open later. Oil prices consolidated overnight, torn between optimism over the prospects of a U.S. stimulus package and concern at a surprise increase in U.S. inventories last week.
U.S. retail sales dropped in November and the prior month was revised to a decline, indicating the economic rebound is hitting bumps as coronavirus cases surge and lawmakers wrangle over a new stimulus package.
USA Key Point
- Bitcoin breaks above $20,000 for the 1st time ever
- GBPUSD is the strongest and the CAD is the weakest
- Merkel supports that Brexit trade talks to continue until the end of this week
- We have agreed to go ahead with planned Christmas relaxation supports UK prime minister
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Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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Will USDJPY slide lower in 2023?
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
BoC Rates Could Alter The Trend on USDCAD and others
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
MSFT faces gloomy forecasts ahead of earnings report
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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