I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Commodity currencies continued to rally yesterday
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading slightly above the Kumo. A successful attempt to exceed the Tenkan sen level will fuel the pair towards the previous top. On the other hand, a drop of the market will lead the exchange rate within the cloud.
The tensions between United States and the Russian Federation over Ukraine continues despite the meeting between Biden and Putin yesterday, however the market impact has been modest as equity markets are focused more on the potential impact from Omicron, the new variant of corona virus that was detected late last month in South Africa.
Equity markets had an impressive turn around Tuesday as the narrative that Omicron may be very infectious but less deadly got more attention. Risk-on sentiment gave most sectors a lift higher with the cyclical and long-duration plays outperforming. Volatility dropped sharply and the VIX index fell below 22. Major equity markets in the United States ended the day as follows: Dow Jones up by +1.4%, S&P 500 +2.1%, and NASDAQ an impressive +3.0%. Risk on sentiment continues over in Asia this morning with most indices being in the green despite somewhat negative news around property developers in China. European futures are flat while U.S. futures are slightly higher.
In the FX space, commodity currencies continued to rally yesterday with AUD, CAD and NOK leading the way.
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