Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
EURUSD currently trades in the low band of 1.13
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is gyrating within the cloud. An upward wave would lead the exchange rate to exit the Kumo. Alternatively, a plunge of the market will push the rate below the cloud with further bearish implications.
In the equity space on Friday, investors did not buy the dip, but continued to sell cyclicals. The Dow Jones closed -1.3%, SP500 closed down almost 2% and NASDAQ -2.7%. This is the third straight week that equities decline and in total NASDAQ has lost 15% from the beginning of the year. Looking at it in a more global perspective, a total of USD4.2tn was evaporated last week from global equities.
In the FX space markets are awaiting the FOMC meeting later in the week. EURUSD currently trades in the low band of 1.13 while USDJPY in the 113.70 area.
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…
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