Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Asian markets are following the rebound trail this morning
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading above the cloud. An upward wave would lead the exchange rate to exceed the Tenkan sen and Kijun sen level, targeting the previous top. Alternatively, a failed attempt to move higher will push prices to find support at the upper level of the Kumo.
On Tuesday equity markets rebounded, with European and US markets all higher. Growth stocks rebounded, with tech and consumer discretionary leading the way. The real estate sector did not follow the rest of the market higher, despite being one of the most sold sectors the last week. SP500 improved slowly over the trading session to finally close up +0.9%, Dow Jones closed +0.5% and NASDAQ +1.4%. Asian markets are following the rebound trail this morning, with Hang Seng higher by +2%. Futures in the US point slightly higher.
In the FX space the dollar weakened against most of the G10 yesterday, where Scandies and commodity currencies gained.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.