Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Dollar keeps firmer
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
XAG/USD: Silver plunges below $22 and it seems that bears have the control of the market now. Recently it seems that buyers will struggle a lot to move markets higher.
EU Market View
Asian equity markets were lower on spill-over selling from peers on Wall St; Hong Kong underperformed. Looking ahead, highlights from the macroeconomic calendar include SNB, ECB Economic Bulletin, German Ifo, Fed's Powell, Williams, Kaplan, Bostic, Barkin, Evans, Bullard, Norges Bank's Olsen, BoE's Bailey speaks.
EU Key Point
- The dollar keeps firmer ahead of European trading
- $JPM set to pay $1B in record spoofing penalty
- BOJ minutes - policy Board says yet again it will metaease further if needed
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.