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...
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.
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
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