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Equities declined yesterday driven by Europe and the U.S.
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now trading within the Kumo. Any decisive movement to the south will push prices to exit the cloud, targeting the previous low and even lower. Alternatively, further bullish sentiment would lead the exchange rate to test the upper level of the Kumo.
The US administration announced yesterday its intention to use its strategic reserves to lower the oil price that has seen big pressure on the upside after the Russian invasion. The administration is believed to release about 1 million barrels a day for several months from the reserves, which totalled 700 million barrels at end-January.
Equities declined yesterday driven by Europe, U.S. and cyclical growth stocks. VIX was a tad higher and equity markets are still sensitive to the news flow coming from Ukraine. US equities closed as follows: Dow Jones -0.2%, S&P 500 -0.6% and NASDAQ -1.2%. Asian markets are a bit lower this morning while European and U.S. futures are a bit higher.
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