Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
Equity markets kept declining on Tuesday
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading between the Tenkan sen and Kijun sen level. An upward wave would lead the rate above the Tenkan sen level, targeting the previous peak. A drop of the market below the Kijun sen level will push prices to find support at the upper level of the Kumo.
Equity markets kept declining on Tuesday, driven mostly by hawkish tone from the Fed and gloomy vaccine outlook from a major vaccine company. Cyclicals held up the best, especially long duration/growth. Tech, autos and retail were among the best sectors, while telecom and utilities sold off -3% each. Major indices such as the S&P500 and Dow Jones closed down -1.9% while NASDAQ -1.6%. The sentiment is reversing in Asia this morning though and US futures have turned positive.
In FX space EURUSD reversed some of the recent gains and risk sensitive currencies such as NOK or the SEK came under pressure. The market volatility this week underlines the market uncertainty that gets created by the combination of Omicron, Fed rhetoric and recent data surprises like European inflation.
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading above the cloud…
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now poised to test the lower level of the cloud…
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The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.