Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Dollar slightly softer to start the session
2022-01-19 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAG/USD: Silver after a remarkable selloff is trading above the 23.6% retracement area.
EU Market View
Asian equity markets traded cautiously as the region struggled to break from the weak performance among global peers. EU is reportedly working on an Airbus (AIR FP) - Boeing (BA) trade offer for the upcoming Biden administration. European stock markets are seen opening largely unchanged Tuesday, after a suite of US Federal Reserve officials hinted that it could start reducing its monetary stimulus later this year. Global equity markets have posted strong gains over the last few weeks, boosted by stimulus from central banks and governments alike, and the idea that vaccinations were on their way. However, investors are now starting to weigh up whether valuations are becoming too stretched, especially with a global surge in Covid-19 cases, following the emergence of new highly transmissible strains of the virus.
Looking ahead, highlights from macroeconomic calendar include US NFIB Business Optimism, EIA STEO, Fed Discount Rate Minutes, BoE's Broadbent, Fed's Brainard, Kaplan, Mester, Rosengren, ECB's de Cos, supply from the UK and US. Three regional Fed Presidents -- Richmond's Tom Barkin, Atlanta's Raphael Bostic and Dallas' Robert Kaplan -- all hinted more or less clearly that the 'tapering' of bond purchases could begin toward the end of 2021. The Fed is currently pumping $120 billion a month into the economy through such asset purchases. Global equity markets have posted strong gains over the last few weeks, boosted by stimulus from central banks and governments alike, and the idea that vaccinations were on their way.
EU Key Point
- ECB's Schnabel supports that Inflation is not dead
- Germany reports 12 802 new coronavirus cases in latest update today
- Reuters is reporting that China plans a further Hong Kong crackdown
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Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...