World shares gained on Wednesday on bets of hefty US spending after US Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about the debt later.
Tag - jpy - japanese yen
Asian equity markets were mostly positive as the region partially sustained the momentum from the tech-led gains on Wall Street.
Joe Biden takes the presidency in the US, the Forex market is mostly bullish. We were correct with many of our short-term projections yesterday. Let's see what happens today and what the week brings.
U.S. stocks are set to reopen higher after the Martin Luther King Day holiday on Monday, with Yellen’s remarks a welcome reminder of the momentum behind economic stimulus measures.
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Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday.
Look at the H1 chart for USD/JPY - is it not a perfect example of a reversal in the resistance zone?
In this daily update, you have short-term and mid-term outlook for the main currencies and commodities weighted against the long-term horizon. You are also provided with suggestions on which to levels to look at and what the most likely trajectories are for USD, EUR, AUD, GBP, gold and WTI oil.
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.
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Check the performance of the market for Friday