Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EURUSD moved a bit higher with the cross currently at 1.1600
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now trading into fresh lows. Further bearish sentiment will lead the exchange rate lower. An upward wave would lead the market into a correction phase.
European Market View
In the equities space the week started on a solid note and U.S. indices printed new highs. Despite volatility in yields eased, value stocks was the theme of the day, with energy was the standout. U.S. markets all higher with S&P 500 up by 0.2%, Dow Jones up by 0.3% and NASDAQ up by 0.6%. Sentiment changed a bit this morning, with Asian markets mixed and U.S. futures a tad lower.
In the FX front, EURUSD moved a bit higher with the cross currently at 1.1600. Later in the week, on November 4th, the Bank of England (BoE) has its meeting and it could be a key market mover.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.