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Market Talk – March 9, 2021 | Armstrong Economics

Market Talk – March 9, 2021 | Armstrong Economics
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USD/JPY Weekly Forecast: Poised to advance

2/12/2021 3:40:21 PM GMT USD/JPY retreats below 105, finds support at 104.55, recovers. Chairman Powell: The US labor market remains weak. Chairman Powell: Fed has no plans for rate increases or bond program reductions. US Treasury rates move higher after Wednesday low. FXStreet Forecast Poll sees no immediate increase in USD/JPY. The USD/JPY reneged on its breakout promise this week dropping below 105 on Tuesday but support at 104.55 held on Thursday. The descending channel is increasingly distant and a declining a draw with the upper border below 103. Movement in the pair is tied to improvement in the US economy and Treasury rates.

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Market Talk – January 13, 2021 | Armstrong Economics

Spread the love ASIA: China posted its biggest daily jump in COVID-19 cases in more than five months on Wednesday, stepping up containment measures that have seen four cities put under lockdown, as the world’s second-biggest economy scrambles to head off a new wave of infections. Most of the new cases were reported near the capital, Beijing, but a province in the far northeast also saw a rise in infections, official data showed, amid a resurgence that has seen more than 28 million people put under home quarantine. On Wednesday, the National Health Commission reported a total of 115 new confirmed cases on the mainland, compared with 55 the previous day, the highest daily increase since July 30.

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