Equity markets climbed in Europe yesterday
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.
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.
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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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Bulls Are Coming Back
The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.
Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
What to trade on June 20-24?
Last week was shocking! The US dollar gained more than 2% against other currencies ahead of the 75-basis points rate hike by the Federal Reserve on Wednesday but dropped after the announcement…
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