Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EURUSD was volatile yesterday
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now testing the upper level of the cloud. Any decisive movement to the north will fuel the pair towards the previous top. Alternatively, a plunge of the market will push prices to enter the Kumo.
Equity markets ended higher again yesterday in a roller-coaster session. Additionally, as Omicron data shows that it is creating less severe illness, leisure and travel stocks got a lift. In the US, Dow Jones ended higher +0.6%, S&P 500 -0.1% and NASDAQ -1.3%. Asian markets are mostly lower this morning with Chinese tech shares in focus. The more value intense Japanese stocks are doing better. Futures in Europe and US are lower this morning.
EURUSD was volatile yesterday but ended the day below 1.13 while currently it tries to climb higher. EURNOK dropped below 10.00, mainly due to higher oil prices. USDJPY moved above 116 supported by higher US yields.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
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.