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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.
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.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus