
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The reflation is the expectation of a return to global economic growth after the crisis (the Covid-19 pandemic). Central banks offer huge financial support (decrease rates and increase bond buys) and inflation is getting too high. These conditions are good for cyclical stocks such as banks, energy producers, cruise companies, airlines, etc. Since the Fed said it would start cutting bond buys soon – reduce the financial help, the reflation trade has waned, and all these cyclical stocks dropped, while big tech stocks rocketed.
USD/JPY has reversed to the upside due to the strong US dollar. It has even crossed the 50-period moving average, confirming the bullish momentum. It’s likely to rise to the mid-line of Bollinger Bands at 110.75. The move above it will drive the pair to the psychological mark of 111.00.
EUR/USD has reversed down and it looks like the correction is over and the pair will fall further. The breakout below the 1.1900 support will press the pair down to the low of June 21 at 1.1850. Just in case, if the pair crosses above the recent highs of 1.1950, it may rally up to the 200-day moving average of 1.2000.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
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