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...
Dow Jones logged gains for the first time in eight weeks
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now trading into fresh high. Further bullish sentiment will trigger the martket even higher. On the other hand, a plunge of the exchange rate would lead the market to find support at the Tenkan sen and Kijun sen level.
A bounce in U.S. stocks last week broke a seven-week losing streak for the S&P 500 and NASDAQ, while the Dow Jones logged gains for the first time in eight weeks.
These gains ended the longest weekly losing streak in over a decade for the S&P 500 after the index tip-toed into bear market territory. All three major US indexes logged weekly gains of at least 5%, lifted by a batch of positive economic data and more positively received earnings reports from the retail sector.
The S&P 500 has snapped a losing streak of this length only three other times in history — 1970, 1980, and 2001.
On this side of the Atlantic, overnight media reported that EU failed to reach a package revising its current sanctions, including a ban on Russian oil, as Hungary is refusing to back the proposal. Negotiations are set to continue today ahead of the special EU council starting tonight.
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