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Asian stocks started in green this morning
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now trading above the cloud. A bounce up from current levels will fuel the pair above the Kijun sen level and then higher to exceed the Tenkan sen level.
European Market View
In the equity space it was a quiet day yesterday resulted in modest gains driven by US and mostly cyclical companies. Some few travel stocks perform on the back of US opening up for international travel. However, despite the positive sentiment, VIX made its third consecutive move higher. In the US, major indices closed as follows: Dow Jones up by +0.3%, S&P 500 up by +0.1%, and NASDAQ up by +0.1%. Asian stocks started in green this morning but have lost momentum and are trading lower driven by Japanese stocks. European and US futures are down.
In the FX space, NZD, NOK and GBP gained against the USD and CHF yesterday, where several Fed speakers gave hints about the monetary policy outlook, but failed to move the market. EURUSD rose slightly towards 1.1600.
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