Tag - jpy - japanese yen

US stocks are set to open marginally lower Thursday, consolidating after strong gains the previous session

Price action in USD/JPY is in line with the bearish harmonic pattern “Gartley”. The pair has approached resistance at 106.88 (descending 50-day MA).

Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering US-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.

 Asian stock markets rose this morning on relief that another round of Sino-US sparring appears not to have spilled over into trade, while hopes for US stimulus support oil and other commodity currencies.

China arrested Jimmy Lai, one of Hong Kong’s richest and best-known publishers, on suspicion of collusion with foreign agents.

US-China trade tentions, the rescue package for the American economy and other hot topics in the weekly video. Watch to learn about the most promising opportunities!

The week started with a mixed sentiment. The US dollar holds it gains after the positive NFP report, and the S&P 500 is eyeing the all-time high at 3 390.

The pair was falling down amid the waning US dollar. However, the situation changed this month.

Dollar continues to keep firmer on the day, all eyes on the US jobs report later.

Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day.

European stock markets traded mixed early Thursday, with strong industrial data supporting the German market while the Bank of England kept monetary policy unchanged, offering up a more pessimistic outlook.

Asian equity markets traded mixed amid a lack of fresh catalysts and with the region failing to take advantage of the mild tailwinds from Wall Street.