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EUR/USD is trading in the 1.1830 area
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now testing the upper level of the Kumo. A failed attempt to move in the cloud will trigger the market above the Kijun sen and Tenkan sen levels, pushing the currency pair into fresh highs.
European Market View
After the weak US labour market report on Friday, markets will keep an eye on any hints on tapering from NY Fed President John Williams later this evening. Later this week, a host of Fed speakers are scheduled for public appearances and these are likely to guide the market ahead.
In the equity space, developed markets were mostly in the red yesterday, as growth took the lead in an uneventful session. Performance between cyclicals and defensives was thin, with both industrials and health care among the big decliners, and communication services and consumer discretionary among the better sectors. US indices were mostly lower with S&P 500 losing -0.3%, Dow -0.8% and NASDAQ 0.1%. Asian markets mostly muted while Nikkei225 is the exception as it continues to rebound.
In the currency market USD and NOK rose vis-à-vis CAD, AUD and NZD yesterday. EUR/USD fell further and this morning is trading in the 1.1830 area.
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