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EURUSD is little changed this morning
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading slightly below the Tenkan sen level. An upward wave would lead the pair to eliminate Tenkan sen and Kijun sen level, targeting the previous top. Alternatively, a plunge of the market will lead the currency pair to find support at the upper level of the Kumo.
The US President Joe Biden and leaders of the G7, NATO and EU are meeting in Brussels tomorrow and they are expected to announce a new round of sanctions against Russia.
The positive correlation between yields and equities continued, with equities posting gains again on Tuesday. Value names outperformed growth by around 0.5pp globally despite the US 10y breaching 2.40%. Both financials, consumer discretionary and communication services were leading. Dow Jones advanced by 0.7%, S&P500 ended higher 1.1% and NASDAQ 2%. Asian markets are continuing its rebound and US futures point slightly upward.
In the FX space EURUSD is little changed this morning, while USD/JPY continue to see upwards pressure and is trading above 120.50.
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