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Equity futures in the U.S. were flat on Wednesday
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/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 in the U.S. were flat on Wednesday as investors took a pause a day after the Nasdaq Composite closed above 15,000 for the first time.
Futures on the Nasdaq-100 were flat. Dow Jones Industrial Average futures gained 7 points. S&P 500 futures were also flat.
The NASDAQ Composite rose on Tuesday for the fourth session in a row to a record close of 15,019.80, bringing it year-to-date gains to more than 16%. Amazon led the gains on Tuesday. It was the NASDAQ’s 29th record close of 2021. The tech-heavy benchmark is now up more than 126% from its pandemic low. The S&P 500 also hit a record on Tuesday.
Markets have been boosted by signs that delta variant cases could be peaking.
The much-anticipated Jackson Hole symposium kicks off on Thursday, where central bankers will potentially provide updates on their plan around tapering monetary stimulus.
The Federal Reserve has been purchasing at least $120 billion of bonds per month to curb longer-term interest rates and jumpstart economic growth.
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