DAX 30 Outlook: Eyeing Yearly High with Business Climate Data in Focus 2021-01-25 07:30:00 Daniel Moss, Analyst
DAX 30, Coronavirus Infections, German National Lockdown, Vaccinations, IGCS – Talking Points:
Risk appetite notably firmed during APAC trade as attention turns to the upcoming FOMC meeting later this week.
The notable drop-off in coronavirus infections in Germany may underpin regional asset prices.
DAX 30 index poised to continue gaining ground as price consolidates above key support. Advertisement
Asia-Pacific Recap
Equity markets broadly gained during Asia-Pacific trade as risk appetite notably firmed, on the back of fiscal stimulus hopes and the expectation of continued monetary policy support from the Federal Reserve. Australia’s ASX 200 index climbed 0.36% while Japan’s Nikkei 225 rose 0.67%.
EUR/USD Hovering Above Support as ECB Rate Decision Shifts into View 2021-01-21 07:30:00 Daniel Moss, Analyst
Euro, EUR/USD, European Central Bank, PEPP, Inflation – Talking Points:
Equity markets gained ground during APAC trade as investors continued to cheer the prospect of additional fiscal stimulus out of the US.
The European Central Bank’s upcoming interest rate decision will likely determine the short-term trajectory of the Euro.
EUR/USD poised to regain lost ground as price hovers above key support. Advertisement
Asia-Pacific Recap
Equity markets soared higher during Asia-Pacific trade as investors cheered the inauguration of President Joe Biden and the prospect of additional fiscal stimulus. Australia’s ASX 200 index rose 0.79% on the back of better-than-expected jobs data, while Japan’s Nikkei 225 climbed 0.82%. China’s CSI 300 surged 1.42%.
Japanese Yen Price Analysis: AUD/JPY, EUR/JPY Poised to Gain Ground 2021-01-20 03:00:00 Daniel Moss, Analyst
Japanese Yen, AUD/JPY, EUR/JPY, JPY Technical Analysis, IGCS – Talking Points:
Inverse Head and Shoulders bottom hints at further gains for AUD/JPY.
EUR/JPY’s surge above the 200-week moving average could ignite a more extensive topside push in the coming months.
The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar in the coming months. Here are the key levels to watch for AUD/JPY and EUR/JPY rates.
British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall 2021-01-19 07:30:00 Daniel Moss, Analyst
British Pound, Coronavirus Infections, Vaccination Rates, GPB/USD, GBP/JPY – Talking Points:
Equity markets broadly gained during APAC trade as risk appetite notably firmed.
The marked drop in coronavirus infections in the UK may underpin the British Pound in the near term.
GBP/USD and GBP/JPY rates eyeing a push to retest their respective January highs. Advertisement
Asia-Pacific Recap
Risk appetite markedly firmed during Asia-Pacific trade as investors key in on President-elect Joe Biden’s inauguration and the Senate hearing for Treasury Secretary nominee Janet Yellen. Australia’s ASX 200 soared 1.19% alongside Japan’s Nikkei 225 and Hong Kong’s Hang Seng index, climbing 1.39% and 1.75% respectively.
Canadian Dollar Outlook: USD/CAD Rebound May Continue Ahead of BoC 2021-01-18 07:30:00 Daniel Moss, Analyst
Canadian Dollar, USD/CAD, Coronavirus Restrictions, Bank of Canada, IGCS – Talking Points:
Risk appetite notably faded to kick-off a fresh week of trade as attention shifts to President-elect Biden’s upcoming inauguration.
Deteriorating health outcomes and economic data may weigh on the Canadian Dollar ahead of the Bank of Canada’s upcoming rate decision.
A Double Bottom reversal pattern hints at further upside for USD/CAD in the short-term. Advertisement
Asia-Pacific Recap
Risk appetite notably faded during Asia-Pacific trade as investors look towards President-elect Joe Biden’s inauguration on January 20. Australia’s ASX 200 fell 0.78% and Japan’s Nikkei 225 slid 0.97%, as local health authorities reported a record number of coronavirus patients.