Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Equities lower yesterday led by Europe
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now heading to retest the previous low. Further bearish sentiment will push prices into fresh lows. Alternatively, a higher thrust of the market will lead the currency pair to reach the lower level of the Kumo.
The most important key driver for markets is the Russian invasion of Ukraine. So far, the cease-fire negotiations have not been successful, and the Western countries consider even tougher sanctions against Russia. A lot of focus on the Russian attack on the nuclear power plant in Zaporizhia which is the largest nuclear plant in Europe and tenth largest in the world. US President Biden and Ukrainian President Zelensky urged Russia to cease its' military activities in the area. The International Atomic Energy Agency said there were no signs of elevated radiation. Ukraine's state emergency service stated later this morning that the fire had been put out.
Equities lower yesterday led by Europe. Cyclicals, growth, and small cap stocks the main underperformers while the group of defensives actually rose in US.
Regarding figures, US jobs report for February is due out. A sharp drop in the unemployment rate means that the FED find themselves in a very awkward situation due to elevated geopolitical risk.
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
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