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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.
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