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Equity markets traded lower again yesterday
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now trading below the cloud. Any decisive movement to the south will push prices down to fresh lows. On the other hand, an upward wave would lead the exchange rate to enter the Kumo.
Equity markets traded lower again yesterday but, in a bit, more volatile session where both the U.S. and Europe were in positive territory during the day. Better performance in cyclical stocks yesterday and small cap was holding up better as yields finally took a pause on back of the US CPI number. Volatility Index VIX a tad lower as well.
Asian markets are higher this morning with relative strong gains in both Japan and South Korea. US futures are higher while European once are lower this morning.
In the FX space the US CPI brought setback to USD proved short-lived with the dollar index posting new highs and EURUSD reaching new lows just north of 1.08.
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