
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Morning, traders!
China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Also, Chinese officials debate cutting the quarantine for newcomers from ten days to seven. USDCNH is down 300 points. Moreover, analysts expect Chinese leader Xi Jinping to get a third term in the Chinese national congress. He may remain the President of China for another four years. which will make him rule for 12 years straight.
The USDJPY surged to the highest level since 1990, touching the critical resistance of 150. We expect sellers to step into the game on the current levels. Also, the Bank of Japan should intervene in the currency rate. Still, there’re no statements from the bank’s members. Meanwhile, BoJ holds an unscheduled bond-buying program for the first time since the plan for Q4 2022.
Sellers need to enter the game and push USDJPY below the rising channel. Double divergence on the RSI shows a lack of momentum, and we expect the pair to reach 148.10 in a couple of days.
Good luck in trading!
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
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