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...
Equities ended higher across the board
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading within the Kumo. Any decisive movement to the south will push prices to exit the cloud with further bearish sentiment. Alternatively, a higher thrust of the market would lead the currency pair to surpass the upper level of the cloud. The next resistance is seen at the previous top.
Equities ended higher across the board, led by the US, taking S&P 500 7% higher for the week. The pick-up in risk appetite was not due to an improvement in the situation in Ukraine, but simply easing uncertainty. VIX is down roughly 10 points for the week to just north of 20. Consumer discretionary and tech were among the best sectors, while defensives (utilities, real estate, staples) underperformed along with energy.
Dow Jones rose 0.8%, S&P500 1.2% and NASDAQ 2.1%. Asian markets and U.S. futures are in the red territory this morning.
In the FX space, EURUSD, focus this week turns to rising oil prices, PMIs and Fed speeches.
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