How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
AUD/USD falls to fresh one-month low as risk aversion stays the course
2021-01-28 • Updated
Ichimoku Kinko Hyo
AUD/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: Silver breaks down many support levels but recently buyers achieved to send price below 23.6% retracement area.
EU Market View
Asia indices decline on spillover selling from US where stocks had their worst day since October amid overvaluation concerns, earnings pressure, hedge fund liquidations and with the Fed providing a downbeat tone on the economy. European stock markets are seen opening lower Thursday, as investors react to the sudden selloff on Wall Street overnight. U.K. Prime Minister Boris Johnson indicated on Wednesday that the Covid-19 lockdown in England would last into March, after the U.K.'s death toll from the virus surpassed 100,000, the first European state to reach that figure. Oil prices slipped Thursday, as worries over weakening demand due to travel restrictions, particularly in China, have overshadowed a large fall in U.S. crude stockpiles.
FOMC left rates unchanged and maintained the size of its asset purchase programme, as expected. -Looking ahead, highlights from macroeconomic calendar include German CPI, US GDP (Q4), PCE, IJC, Japanese unemployment, ECB's Schnabel speech.
EU Key Point
- Germany to prepare entry restrictions for travelers from the UK, Brazil, South Africa.
- Gold stays in a precarious spot, looks set for first January drop since 2013.
- Australian coronavirus vaccinations look like being delayed further.
Similar
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Trade Ideas on September 6-10
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…
Latest news
How Will Amazon Price React To The Split?
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
