The Polish Zloty was one of the worst performing EM currencies yesterday
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading between the Tenkan sen and Kijun sen level…
DJ futures fell more than 200 points but recovered some of the losses
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading below the Kumo. An plunge of the pair will push prices to violate the Tenkan Sen, leading the currency pair into lower ground.
US Market View
US futures were in the red on Monday morning ahead of a busy week on earnings reports from technology heavy weights.
DJ futures fell more than 200 points but recovered some of the losses. S&P500 and Nasdaq 100 futures were also trading in negative territory.
One of the most important reports will be coming from Tesla today, which reports after the closing bell. Tesla’s CEO Elon Musk said that the company will be accepting bitcoin again for vehicle purchases.
Also, worth noting, on Monday, bitcoin surged above $39.000 for the first time since mid-June as sentiment turned bullish following a recent sell-off that pushed the cryptocurrency below $30,000.
Other big tech that report this week are Apple, Alphabet, Microsoft, Google, Facebook and Amazon.
All three of the major averages ended at record closing highs last week after the markets tumbled at the start of the week on concerns about the spread of the delta variant of Covid and how it would potentially hinder the economic recovery.
Michael Eliades
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Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now testing the lower level of the Kumo…
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GBP/USD Is Ready for Reverse Up
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
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