Daily Market Outlook, June 4, 2021 Overnight HeadlinesBiden proposes 15% corporate minimum tax to win Republican backing of infrastructure plan Biden order bans investment in dozens of Chinese defense...
Market Spotlight: Trading The ADP Employment Release
ADP Employment Release in FocusThe US ADP employment release today is drawing a lot of attention ahead of tomorrow’s crucial NFP release. With the last month marking the first full month of reopening...
USDJPY, H1 is seeing strong bullish momentum, awaiting upside confirmation at 109.90.
USDJPY, H1 is seeing strong ascending trendline support along with moving average support which is holding price up really nicely. There's big resistance at the 109.90 area which price needs to break...
Investment Bank Outlook: 03-06-2021
RBC Capital Markets Overnight: USD is drifting higher overnight though well within yesterday’s ranges. Markets are generally calm ahead of tomorrow’s all-important payrolls. In China, the Caixin...
Daily Market Outlook, June 3, 2021
Daily Market Outlook, June 3, 2021 Overnight HeadlinesFed says will start unwinding its corporate bond holdings Half of U.S. states to end Biden-backed pandemic unemployment benefits early Biden to...
Market Spotlight: Which Way Next for GBPUSD?
GBPUSD At Key ResistanceThe rally in GBPUSD has seen price trading all the way back up to retest the 2021 highs around 1.4248. For now, this level is holding as resistance, helped by the broken bull...
Investment Bank Outlook: 02-06-2021
Citi Our eTrading desk observes a reasonably calm and subdued session overnight, with interbank volumes for the major deliverable pairs on average 10% lower than the 30 day average. We think it should...
Daily Market Outlook, June 2, 2021
Daily Market Outlook, June 2, 2021 Asian equities were mixed overnight with stocks slipping across China and Hong Kong, while Japanese and Australian shares outperformed, the latter driven by a...
USDJPY, H4 bouncing above key support, potential for further upside
USDJPY, H4 is seeing strong support above 109.30 where there is a 50% fibonacci retracement and a 61.8% Fibonacci extension. This also coincides well with the moving average support we're seeing.Price...
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