Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Equity markets started very positive the first day of the year 2022
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY pair is now testing the Tenkan sen level. An upward wave would lead the currency pair into fresh highs. On the other hand, a drop of the market below the Tenkan sen level will push prices to hit the support at the upper level of the Kumo.
Market View
Equity markets started very positive the first day of the year 2022 as risk appetite soared.
Markets were positive both in the US and in Europe, with growth stocks outperforming value, mostly due to Tesla’s performance.
In the US, Dow Jones closed higher by +0.7%, S&P 500 +0.6% and NASDAQ +1.2%. Asian stocks mostly higher. China (Hang Seng) lagging as the bad news surrounding property developers are continuing this morning. Both European and US futures higher again this morning.
In the FX space, EURUSD dropped almost a figure on Monday and is trading again below 1.13.
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…
Popular
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Choose your payment system
