Will the weakness of the USD let the AUD take advantage of it?
Daily Market Analysis
Information is not investment advice
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Saxo Bank forecasts EUR/USD at 1.1600. Credit Agricole believes the USD will strengthen in the coming months.
Generally, gold has been going down since August. Will it cross the November lows and revert to the upside?
Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud…
Ichimoku Kinko Hyo NZD/JPY: The pair is trading below the cloud…
Financial giants such as JPMorgan and Goldman Sachs anticipate crude oil to skyrocket as high as $100 as the global economy rebounds.
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
The US stock market was closed on Monday for Presidents Day, but February is still on track to be the strongest month for the major Wall Street indices since November.
Walmart will report its earnings for the fourth quarter his Thursday before the markets open at 14.00 MT time (GMT+2).
EUR/GBP on track towards fresh nine-month lows. Cable stays on the hunt towards 1.4000 as the dollar keeps more vulnerable for now.