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EUR weakness sent EURUSD solidly below 1.14
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now testing the lower level of the cloud. If the buyers manage to withhold the sellers’ pressure, the market will enter the Kumo. A failed attempt to move higher will push prices to test the previous bottom.
Equities across the board were slightly changed on Monday. There was a slight preference for defensives and value stocks as the yield curve steepened. Major US indices close little changed with Dow Jones, S&P 500 and NASDAQ unchanged. Asian markets are grinding somewhat higher this morning, although US futures have dipped into the red.
In the FX space, the first session of the week was generally characterised by broad based EUR weakness with the single currency posting losses - especially late in the session - against most majors. On the other end, USD gained which combined with EUR weakness sent EURUSD solidly below 1.14000. USDJPY moving back above 114.00 In the EM space, the USDTRY trades steadily above 10.00.
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