Coinbase, banks' earnings, and Australian labor data
What's moving markets on Thursday? Jump in and you'll get the full market wrap!
Attention: risk sentiment is off
During the European trading session, both the US and the UK yield curves inverted. This is the sign of the recession. It pulled the risk-weighted assets down and increased the demand for the Japanese yen.
- USD/JPY has tested the ground below the 50-period SMA on H4. The pair has touched the support at 105.8. If this level is broken, the next support will lie at 105.52. From the upside, the resistance levels at 106.62 and 106.74 are in focus.
- USD/CAD has been among gainers. The pair has touched the 1.33 level, which lies close to the crossover of 100- and 200- period SMA on the daily chart. If this level is broken, the next resistance will be placed at 1.3338. If the Canadian dollar strengthens, bears will try to pull it back towards the 50-period SMA at the 1.3196 level.
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Markets ahead of US inflation data
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
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Markets after US retail sales
What's moving markets on Friday? What is the hottest news? Let's find out!
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