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26 Jan 2021
US CB Consumer Confidence.
(Previous analysis as well as outside sources – italics).
Areas of consideration:
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25 Jan 2021
Asian stock markets are mostly higher on Monday despite the mixed cues from Wall Street Friday. Optimism about the prospects for additional stimulus in the U.S. as well as upbeat corporate earnings results helped offset worries about the rising number of coronavirus cases around the world.
The Shanghai composite was 0.5% higher while the Shenzhen component advanced 0.9%. Hong Kong’s Hang Seng index also saw robust gains as it rose about 1.9%. In Japan, the Nikkei 225 nudged 0.4% higher while the Topix index gained 0.1%. Shares in Australia edged higher, with the S&P/ASX 200 up 0.4%.
In currencies, major pairs were trapped in a tight range as markets awaited the Fed’s Wednesday meeting. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.136 after seeing a recent decline from levels above 90.6.
Monday, January 25, 2021
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ECB President Lagarde Speaks.
(Previous analysis as well as outside sources – italics).
Weekly gain/loss: +0.79%
Weekly close: 1.2170
Weekly perspective:
© IC Markets
22 Jan 2021
Asian stock markets are mostly lower on Friday, tracking the mixed cues overnight from Wall Street and following the recent strong gains leading up to U.S. President Joe Biden’s inauguration.
Optimism about ramped up efforts to combat the coronavirus and more stimulus under the new Biden administration have helped to prop up the markets in recent days.
Mainland Chinese stocks closed mixed, with the Shanghai composite down 0.4% while the Shenzhen component rose 0.7%. In Japan, the Nikkei 225 slipped 0.4% while the Topix index shed 0.2%. Over in Australia, the S&P/ASX 200 dipped 0.3%.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.219 following earlier levels above 90.4. Crude oil prices drifted lower on Thursday after data from the American Petroleum Institute showed an increase in U.S. crude stockpiles last week. Also weighing oil down was worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.
© IC Markets
22 Jan 2021
UK Retail Sales m/m; Eurozone, UK and US Flash Manufacturing and Flash Services PMIs; Canada Retail Sales m/m.
(Previous analysis as well as outside sources – italics).
Areas of consideration:
© IC Markets
21 Jan 2021
Asian stock markets are mostly higher on Thursday following the record closing highs overnight on Wall Street after Joe Biden was sworn in as the 46th President of the United States. Investors are optimistic that the new Biden administration’s potential spending increase will spur growth in the world’s largest economy.
The Australian market is rising for a third straight day after U.S. stocks closed at record highs overnight and as data showed that Australia’s unemployment rate fell in December. The Shanghai composite in mainland China rose 1.1% while the Shenzhen component advanced 1.9%.
Hong Kong’s Hang Seng index lagged the broader region, slipping 0.5%, as of its final hour of trading. In Japan, the Nikkei 225 rose 0.8% while the Topix index advanced 0.6% to finish its trading day.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.30 after an earlier high of 90.452. In commodity markets, oil prices eased on an unexpected rise in U.S. crude stocks, though hopes for an economic revival kept losses in check.
© IC Markets
21 Jan 2021
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