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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.
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.
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