AUD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold stands above 23.6% retracement area and signs a strong bullish trend.
US Market View
U.S. stock markets are set to open mixed, with modest losses in the Dow and marked gains in tech stocks. Talks between House Democrats and the Trump administration on a package of economic relief measures remained deadlocked over the weekend, making it less and less likely that a deal can be found before the election. Oil prices fell as Norwegian offshore workers ended a strike that had threatened to take a quarter of the country’s output offline, while producers in the Gulf of Mexico also tentatively restarted production as Hurricane Delta moved inland.
US Key Point
Boris Johnson's supports that the UK is at a critical point to confront the second wave
JPY is the strongest and the AUD is the weakest
BOJ's Kuroda supports that we have not run out of policy tools
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.
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.