Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Equity futures were marginally lower in early morning trading on Thursday
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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.
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
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