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...
EURUSD is still in the low 1.05 area
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now testing the lower level of the cloud. A tumble of the market will lead the exchange rate to exit the Kumo, targeting the previous low. Alternatively, an upward wave would push prices towards the upper level of the cloud.
Yesterday there was a trading error at a trading desk at Citigroup in London that caused the sudden drop of 8% in OMX in Sweden that immediately spread to the other Nordic and European bourses. Note that markets very quickly recovered the drop and the OMX Stockholm 30 Index closed down by 1.9% in line with other European indices.
Equities in different directions, as US rebounded from Friday's markets and Europe was in catch-up. Sector performance reversed, with tech rebounding and defensive stocks like consumer staples underperforming. Dow Jones closed marginally higher +0.3%, S&P500 0.6%, and NASDAQ 1.6%. Futures point to another positive opening today.
In the FX space, EURUSD is still in the low 1.05 area, while EURGBP continues to range-trade around 0.84 as expected.
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