Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Equity futures edged higher Tuesday morning
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading between the Tenkan sen and Kijun sen level. A failed attempt to move lower will push prices above the Tenkan sen level. Further bullish sentiment would lead the exchange rate into fresh highs.
US Market View
Equity futures edged higher Tuesday morning following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech’s Covid vaccine.
Futures on the Dow Jones Industrial Average rose 65 points. S&P 500 futures and Nasdaq 100 futures traded in positive territory.
The market started the week on a high note as shares sensitive to an economic recovery jumped on optimism that the vaccine approval would clear the path for more mandates in the face of the spread of the delta variant.
In the equity markets, participants are eyeing the Jackson Hole symposium later this week, which is expected to be a market-moving event where central bankers could detail their plans for tapering monetary stimulus. The Federal Reserve has initiated discussions to pull back its $120 billion a month bond-buying program by the end of 2021.
The second-quarter earnings season is winding down with more than 90% S&P 500 companies having reported results. S&P 500 is poised to grow its earnings by 94.7% YoY.
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?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.