Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
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.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?