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DJ futures fell more than 200 points but recovered some of the losses
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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.
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