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EURUSD is trading again slightly below 1.13
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now poised to exceed the cloud. If that happens, the next resistance is seen at the previous peak. On the other hand, a failed attempt to surpass the upper level of the Kumo will push prices further lower within the cloud.
Risk-off sentiment re-emerged on Monday driving equities lower. Rate sensitive defensives the only winners, with health care, utilities, consumer staples and real estate higher. Tech, energy and consumer discretionary in the other end, selling off. Major indices closed as follows: Dow Jones and S&P500 down -0.9% and NASDAQ -1.4%. Asian markets are following the move lower this morning, with the Chinese real estate sector weighing on market sentiment. U.S. futures have turned slightly positive.
In the FX front yesterday's session was characterised by currencies that do well in times of uncertainty namely USD, JPY and CHF. EURUSD is trading again slightly below the 1.13 level this morning.
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