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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.
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.
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