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Equity futures were marginally lower in early morning trading on Thursday
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now testing the lower level of the Kumo. A decisive movement to the north will lead the exchange rate within the cloud and even higher. A failed attempt to move higher will push the market to test again the previous low.
European Market View
The S&P500 gained as much as 0.9% Wednesday amid a 3.8% jump in the energy sector, posting its biggest daily increase since Aug. 27. The blue-chip Dow Jones advanced more than 200 points, while the tech-heavy Nasdaq Composite rose 0.8%.
After seven straight months of gains for the S&P 500 and a near 20% rally to records this year, many on Wall Street expect bumpier trading and lower returns for the rest of the year. History is also not in the market’s favor as September tends to be a typically negative month for stocks. The S&P 500 has fallen 0.56% during the month on average since 1945, according to data from CFRA.
Equity futures were marginally lower in early morning trading on Thursday following a rebound on Wall Street as the market tried to avert the seasonally weak September.
Futures on the Dow Jones Industrial Average shed 29 points. S&P 500 futures and Nasdaq 100 futures traded in mildly negative territory.
Investors will want to monitor the latest jobless claims data on Thursday. Economists polled by Dow Jones expect a total of 320,000 filed for unemployment benefits in the week ended Sept.11, slightly up from 310,000 in the week prior.
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