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 were higher in Wednesday’s trading session
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now trading slightly above the cloud. Should the bulls manage to withstand the bears’ pressure will trigger the market above the Kijun sen level, targeting the previous top with further bullish implications. A plunge of the market will lead the pair within the Kumo.
European Market View
Equity markets were higher in Wednesday’s trading session, finishing near best levels as investors bought into the message from Fed. No clear direction among sectors or styles though, with cyclicals vs defensives and value vs growth tightly bunched. Dow Jones closed up by 0.3%, S&P 500 by 0.7% and NASDAQ by 1%. VIX index ticked lower, down to 15 which is a year-low. Asian markets are joining the sigh of relief this morning, with most markets higher around 0.5-1%. US futures are broadly unchanged.
In the FX space EURUSD moved a bit lower and currently trading in the area of 1.1550. Keep an eye on EURGBP for a possible move higher on a dovish Bank of England.
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