Ichimoku Kinko Hyo USD/JPY: The pair is trading below the cloud…
Tag - jpy - japanese yen
The market optimism waned ahead of the Fed meeting: stock indices dropped, gold and the USD rose.
Yesterday, S&P surged to the all-time high of 3960, driven by Biden’s $1.9 trillion relief bill. Today the stock index has taken a break. Meanwhile, the US dollar is edging higher today, pressing down its peers.
The US is set to deliver $1.9 trillion stimulus. Nasdaq retreated after Monday’s deep slump. Oil dropped because of an attack on the crude terminal in Saudi Arabia.
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The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
Risk assets are recovering after a losing streak in the previous week as progress in the extra US stimulus package improved the market sentiment.
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
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