Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Asian markets are rebounding this morning
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now trading slightly above the lower level of the Kumo. A tumble of the market will push prices to exit the cloud and will attempt to reach the previous bottom. On the other hand, an upward wave would lead the market higher within the Kumo.
Market View
In the equity space in the US markets closed lower on Thursday in volatile trading, as investors trying to digest the FOMC meeting. Consumer and discretionary led the market lower, while utilities and energy were among the outperformers. Dow Jones closed unchanged, S&P 500 lower -0.5% and NASDAQ -1.4%. VIX moved somewhat lower for the first time since the selloff. Asian markets are rebounding this morning after the sharp selloff yesterday, however Hang-Seng still in the red. US futures are pointing higher.
As for the situation between Russia and Ukraine, there was a relief rally in RUB as Russia did not rule out further talks with the US over its security demands despite the US written response falling short of Russian demands. The Russian officials indicated that the US and Russia are looking into a new meeting between the two countries foreign ministers as early as next week.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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