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.
USD strengths but for how long?
2021-01-14 • 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.
XAG/USD: Silver is consolidating above 23.6% retracement area and price action remains weak.
EU Market View
Asian equity markets traded mixed with cautious gains in the major regional bourses after the tech-rebound on Wall St. and better than expected Chinese trade data. Fed's Brainard said she expects Fed's current pace of asset purchases to remain appropriate for quite some time. Looking ahead, highlights from the macroeconomic calendar include ECB minutes, US weekly jobs data, OPEC, President-elect Biden is to unveil his stimulus package, Fed's Powell, Rosengren, Bostic, Kaplan speeches.
EU Key Point
- Germany reports deadliest day of the pandemic with 1,244 deaths in latest update today
- World Health Organization team has arrived in Wuhan to probe into the origins of the coronavirus
- China's President Xi has asked Starbucks' Schultz to help promote US-China cooperation
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy