Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
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