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...
Euro dropped after touching 1.20
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading slightly below the Tenkan Sen. Any decisive movement to the north will push prices to exceed the Tenkan Sen level, confirming the bullish sentiment.
European Market View
- The Euro briefly rose above 1.20 against the greenback for the first time in more than two years. This is a rally of about 12% since March when coronavirus news weight in the market.
- Australia fell into its first recession in nearly 30 years as the nation battles a resurgence of Covid-19. Gross domestic product plunged 7% from the first three months of the year, the largest fall since records dating back to 1959.
- Turkey warned Greece against exceeding limits on military forces allowed on a tiny island that's become a flashpoint in their competing claims to energy resources in the Mediterranean Sea.
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