Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Brent Crude climbed to USD119 per barrel
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair surged in today’s session. Further bullish momentum will fuel the pair into fresh highs. On the other hand, a correction phase would bring the market to hit the Tenkan sen level.
Market View
Brent Crude climbed to USD119/bbl. overnight as market conditions continue to tighten and as Saudi Arabia raised concerns about the potential impact on its production capability amid rebel Houthi attacks.
Elsewhere, rising yields and the Ukraine war dominated sentiment on Monday. Equities were slightly lower, with defensive and value stocks outperforming cyclicals and growth. The attack on a Ukrainian steel plant sent industrial metals and sequentially steel stocks sharply higher. Also, energy and defence stocks outperformed. Dow Jones closed a little lower -0.6%, S&P500 closed unchanged while NASDAQ -0.4%. US futures continue lower this morning.
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