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Equity futures sank on Friday morning
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level. A successful attempt to eliminate this level will push the exchange rate into fresh highs.
US Market View
Equity futures sank on Friday morning as investors focus on some weaker than expected earnings results from companies of the tech sector such as Amazon.
Contracts of the Nasdaq 100 index dropped as much as 0.9%, S&P 500 futures dropped about 0.5% while Dow Jones was marginally lower.
In the wake of the FOMC, the USD has softened, particularly against the euro and sterling, where there is considerable further leeway for EURUSD to consolidate without threatening a bullish reversal, while GBPUSD is already hitting key resistance in the 1.4000 area. It is important to note that today is month-end, with some price action today smacking of end-of-month flows.
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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