The dollar suffered losses against the rest of G10 yesterday
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
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.
Michael Eliades
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3 Forex Pairs to Trade Right Now
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.
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