Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Asian stocks started in green this morning
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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.
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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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