Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
EUR/USD dropped below 1.16 amid little news yesterday
Information is not investment advice
Ichimoku Kinko Hyo
NSD/JPY: The NZD/JPY pair is now trading within the Kumo. Further bullish momentum will lead the pair to exit the cloud with bullish implications. On the other hand, a failed attempt to move higher will push prices to drop and retest the previous low.
European Market View
Equity markets continued their strong run up on Tuesday with several new highs in indices across Europe. The best performing sectors on a day with new all-time highs being utilities and consumer staples. In a less bullish sign, large cap outperforming small cap and VIX ended the day 0.7 points higher. In the other side of the Atlantic, major indices closed as follows: Dow Jones up +0.04%, SP 500 +0.2% and the technology index NASDAQ up by +0.1%. Risk sentiment a bit more negative this morning with most Asian markets lower, Hong Kong continuing to underperform with the Hang Seng index down almost 6% year to date. U.S. futures are flat this morning while European futures are a little weaker.
In the FX space, EUR/USD dropped below 1.16 amid little news yesterday. EUR/GBP moved marginally lower but remains above 0.84.
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