Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Asian markets range bound this morning
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair bounced up from the upper level of the Kumo. The next resistance is seen at the previous top. Alternatively, if the bears manage to withhold the bulls’ pressure, the exchange rate might enter the cloud.
Russia has deployed some 100 thousand troops on the border with Ukraine and has warned the West of 'appropriate military-technical' measures if they do not agree to Kremlin's demands it laid out last week. The demands included that NATO, and the United States should restore the lines of their military presence in Europe to where they were before 1997, which essentially mean cutting presence in former-Soviet NATO member states. What will come out of the upcoming dialogue remains to be seen.
Risk-on continued in the equity markets yesterday. Cyclical stocks, growth and small outperformed. Investors are puzzled to whether Omicron is going to be a big threat to economic growth or whether it will be the beginning of the end of the pandemic. Major indices closed as follows in the US: Dow Jones +1.6%, S&P 500 +1.8% and NASDAQ +2.4%. Asian markets range bound this morning. The same goes for European and US futures.
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.