Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Asia is mostly higher this morning
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now trading between the Tenkan sen and Kijun sen level. A downward wave would lead the pair to eliminate Tenkan sen level, pushing the exchange rate towards the previous low. Alternatively, a surpass of the Kijun sen level would lead the market towards lower level of the Kumo.
Market View
Another interesting day in equity markets yesterday where geopolitical news once again dominated. Broad based gains with the energy sector as the only sector lower as hope on ceasefire took out some of the risk pricing in oil. It is impressive to see the VIX back below 19 just 5 weeks after the Russians invasion of Ukraine. In US yesterday, Dow Jones closed higher +1.0%, S&P 500 +1.2% and NASDAQ +1.8%. Asia is mostly higher this morning with Japan going against the tide, partly due to stock trading ex dividends. US and European futures slightly lower.
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