Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
European markets set for higher open following the Wall Street’s trend
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now testing the lower level of the Kumo. A plunge of the market will push the exchange rate to exit the cloud, pushing GBP/JPY into lower ground.
European Market View
In Europe the industrial production for June is expected to be constrained by global supply issues despite strong demand. European markets set for higher open following the Wall Street’s trend.
In the Asia-Pacific stocks edged higher on Wednesday, again following the previous gains of U.S. major indices. Oil stocks in the region also increased due to higher oil prices.
In the United States some attention will be given to the Producer Price Inflation. If the actual result is greater than forecast is considered as good for the U.S. dollar.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.