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...
European and Asian equity markets are recovering this morning.
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now testing the upper level of the Kumo. Any successful attempt to move higher will fuel the pair towards the Kijun sen level and even higher towards the previous peak. On the other hand, a reversal back would lead the market deeper within the cloud.
As the crisis continues in Turkey, yesterday USDTRY dropped from about 18.30 to 12.50 in a matter of hours. Finally, it settled at around 13.40 which marks a drop of about 30%. The drop came as a result of President Erdogan’s offering to floor lira deposits at zero percent returns again some other currency. There are not many details out in the media of how this offering will work, and if it has any material effect in the currency, remains to be seen.
In the equities space, markets dropped yesterday as Omicron cases are rising rapidly. In the United States, Omicron cases account about 73% of the total whereas only a week ago they accounted for 3%. It is important to mention that markets closed far off day lows and futures market shows that most of yesterday’s losses have been regained. Major indices in the U.S. closed as follows: Dow Jones down 1.2%, SP500 down -1.1% and NASDAQ down -1.2%. European and Asian equity markets are also recovering this morning.
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