Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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.
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!