I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Equity markets continued higher yesterday
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now trading within the Kumo. Further bullish momentum will lead the pair to exit the cloud. On the other hand, a failed attempt to move higher will push prices to drop and retest the previous low.
European Market View
Equity markets continued higher yesterday. Energy is the sector that stands out as the clear winner while defensives and cyclicals basically are on par the last month. Yesterday in U.S., consumer discretionary standing out as heavyweight automaker Tesla rose a whopping 12% on massive order from Hertz. Major indices in U.S. yesterday closed as follows: Dow Jones up +0.2%, S&P 500 up +0.5% and NASDAQ up +0.9%. The positive sentiment continuing this morning with Asian equities advancing. Nikkei outperforming while Chinese markets are mixed. European futures as well as U.S. futures are pointing to a positive opening today.
In regards to the pandemic, the number of Covid-19 cases and death toll is rising rapidly, especially in Eastern Europe and emerging markets where the vaccination rates generally are quite low.
In the FX space EURUSD dropped briefly below 1.16 yesterday, but ended the day just above. In the EM space TRY is recovering a little against the dollar. Currently is trading a bit lower than 9.60.
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