ONLINE FOREX BROKER
2021-01-15 • Updated
GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAU/USD: Gold after a remarkable selloff is trading above the 23.6% retracement area.
President-elect Joe Biden is expected to announce a $2 trillion coronavirus relief plan at a speaking event after the US market closes today, which has lifted sentiment and boosted Treasury yields. Contracts on the NASDAQ were the only ones slightly in the red, as they do better when there are increased rates of COVID-19 infections or additional lockdowns are announced. Technology shares have significantly benefited from the work-from-home environment. Stocks advanced Wednesday on Wall Street, while yields receded for the second session, posting the sharpest decrease in five weeks, amid optimism the economy will be boosted by ongoing Quantitative Easing from the Federal Reserve. Oil surprisingly declined after data demonstrated shrinking stockpiles in the US.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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