What is happening? During June 2021, the US dollar index has gained 2…
COVID VACCINE KEEPS TRADERS OPTIMISTIC
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
XAG/USD: Silver makes a bearish retracement after a remarkable bullish rally during the last month.
US Market View
Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering US-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.
US Key Point
- The CAD is the strongest and the JPY is the weakest.
- Trump will brief the press on coronavirus vaccine update later today.
The Reserve Bank of Australia will hold a meeting on August 3. Analysts expect a dovish move, which may send the AUD down.
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.