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...
Communication services and technology stocks led the gains
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo. An upward wave would lead the exchange rate towards the previous top. On the other hand, a breach of the upper level of the Kumo will push the market within the cloud.
The international community condemned the actions in Butja, Ukraine, looking to impose a new wave of sanctions. It is unclear what measures the West will take on Russia, particularly since Germany does not want to impose measures that would hurt the German/European population. That likely also means that a full embargo on gas and oil is questionable, but the issue will be discussed today according to Eurogroup head Donohoe. Media reported that France and Germany may want to expel Russian embassy staff. US President Biden aide said that they would impose new sanctions on Russia this week. Bloomberg reported that the US Treasury halted dollar payments from Russian government accounts at US financial institutions.
Equities were higher on Monday, largely led by growth stocks on both sides of the Atlantic. Communication services and technology stocks led the gains while defensives and banks underperformed. Dow Jones closed up +0.3%, S&P500 +0.8% and NASDAQ 1.9%. US futures have dipped into negative territory 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