The dollar suffered losses against the rest of G10 yesterday
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
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.
Market View
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.
Michael Eliades
Similar
Asian markets are following the rebound trail this morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading above the cloud…
Tech stocks added 2.1% to lead gains
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now poised to test the lower level of the cloud…
Popular
The Future of Meta
Find out if owning a Meta stock this year is a good idea
Brent Will Reach $95
What is happening? The global energy crisis spreads around the globe…
3 Forex Pairs to Trade Right Now
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
Choose your payment system
