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 remaining steady around 1.1800
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY pair is now trading slightly above the Kumo. An upward wave would lead the exchange rate to retest the previous top. A failed attempt to move higher will push prices to enter the cloud.
European Market View
Global markets were still digesting the comments from Powell on Friday. Equities continued to rise at the start of the week, on continued support from the monetary policy.
Asian markets are mixed this morning with Hong Kong lower as Chinese service PMI softened in August on the back of increased restrictions following spikes in the delta variant. European and US futures slightly higher this morning.
Global stocks were higher yesterday on the back of the dovish surprise from Powel Friday. With US 10 year yields dropping back below 1.3% growth stocks were the notable outperformer of value yesterday with large cap tech stocks leading the way. Banks have stayed behind at this point together with energy despite oil price ending higher. In US S&P500 posted the 12th record high for the month. The Dow Jones ended the day with -0.2%, S&P 500 +0.4%, and NASDAQ +0.9%.
In the FX space yesterday's session marked a fairly slow start to the week for FX markets with EUR/USD remaining steady around 1.1800.
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