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 still trades below the 1.1800
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is trading within the Kumo. A failed attempt to move lower will push prices to exit the cloud and move higher.
European Market View
Today we have German IFO survey as the main release. Later on, during the day we get US new home sales, which will give some information about the US housing market.
However, the main event of the week is the FOMC meeting on Wednesday. Do not expect for the Fed to make significant changes, as it still believes that high inflation is transitory and the labour market has not fully recovered.
After a weak start to last week, equity markets have rebounded strongly during the past three trading sessions with the S&P 500 climbing 4% following still strong corporate earnings – almost 86% of companies having reported their Q2 results so far have beaten analysts' estimates. This morning Asian markets are somewhat mixed with Nikkei up 1% but both Hang Seng and Shanghai Shenzhen is down almost 3%. Futures indicates a mixed opening in both European and US markets.
In the FX space, Friday proved a fairly quiet end to an otherwise eventful week for FX markets. EUR/USD still trades below the 1.1800 mark, EUR/GBP has stabilised around 0.8550 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