The dollar suffered losses against the rest of G10 yesterday
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
Equities around the world ended higher οn Wednesday
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY pair is trading within the Kumo. An upward wave would lead the exchange rate to exit the cloud with further bullish implications. Alternatively, if the bears manage to withstand the bulls’ pressure, the market will find support at the lower level of the Kumo.
Market View
Equities around the world ended higher οn Wednesday as the U.S. session went from flat to positive and closing near day high. Health care stocks were the biggest winner yesterday while the fear index VIX drifted lower below 20. Major indices in the United States closed as follows: Dow +0.1%, S&P 500 +0.3% and NASDAQ +0.6%. Asian markets are mixed this morning with Japanese stocks underperforming. European futures are slightly positive this morning, while U.S. futures are slightly in the red.
The dollar declined against most of G10 currencies. EURNOK fell below 10.10, while EURSEK hovered close to 10.25. EURUSD rose back above 1.13 level, while USDJPY trades currently at 113.40.
Michael Eliades
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The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
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