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EURUSD was volatile yesterday

EURUSD was volatile yesterday

Information is not investment advice

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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.

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Market View

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.

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