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...
EUR/USD ended the week below 1.18 and closer to 1.17
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading slightly above the Tenkan sen level. A drop of the market below this level will push prices into fresh lows. An upward wave would lead the pair above the Kijun sen level. The next resistance is seen at the lower level of the Kumo.
European Market View
Today is a quiet day in terms of economic data releases but the week overall is very interesting with several central bank meetings. The most important central bank meeting is the Fed meeting on the other side of the Atlantic, on coming Wednesday.
This morning the market will be focusing on the fallout from the turmoil related to the Chinese property developer Evergrande. Key loan payments are coming up on which the company seems likely to default on.
In the equities space, risk appetite faded on Friday, with equities mostly lower and defensives leading. US closed near worst levels, with S&P500 and NASDAQ -0.9% and Dow Jones -0.5%. Implied volatility ticked up with VIX north of 20 as investors hedged their downside. Materials the worst performer globally on metal weakness, but industrials and tech also lower. Health care was the only sector in green. Most Asian markets are closed for holiday today, but Hong Kong is open and tumbling -4%. Important to note that Evergrande stock is falling by as much as -17%.
It is a heavy central bank week - with policy announcements from the Riksbank tomorrow, the Bank of Japan Tuesday night and Norges Bank and the Bank of England on Thursday but the most important meeting is the Fed meeting on Wednesday.
In the FX space, EUR/USD ended the week below 1.18 and closer to 1.17 on negative risk sentiment. CNH has so far not been affected by the Evergrande turmoil.
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