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...
EURGBP is still trading below 0.84
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading above the Kumo. Any surpass above the Tenkan sen level will signal further bullish implications. A drop of the market below the Kijun sen level will push prices to test the upper level of the cloud and even enter within.
Equity markets were mostly lower on Friday as Covid-19 infection figures forced several countries in Europe to take on new measures to deal with the pandemic. Austria initiating new lockdown and aiming to be the first country in the Western world to run compulsory vaccination as of Feb 1st, 2022. As yields dropped, value underperformed to growth with energy stocks as the biggest loser. Mixed was the performance also in US indices with Dow Jones dropping by -0.8%, S&P 500 marginally by -0.1% while technology index NASDAQ closed higher +0.40%. Asian markets this morning are very mixed with South Korea outperforming while Hang Seng underperforming once again. European and U.S. futures are flat to slightly higher this morning.
In the FX space, EURUSD dropped below 1.13 on Friday, as a new wave of EU COVID restrictions and hawkish Fed talks weighed on the cross. EURGBP is still trading below 0.84.
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