EUR/USD trades just north of 1.17
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo…
Futures on the Dow Jones gained about 43 points
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading below the Kijun sen level. A failed attempt to move lower will push prices above the Kijun sen level. Further bullish sentiment would lead the exchange rate into fresh highs.
US Market View
Futures on the Dow Jones gained about 43 points, or 0.1%. S&P 500 futures were down approximately 0.2%, and Nasdaq 100 futures lost 0.2%. The S&P 500 notched its 53rd record close of 2021 on Monday.
Tuesday marks the last trading day of August, and major averages are poised to post solid gains for the period. The S&P 500 is up 3% this month, while the tech-heavy Nasdaq Composite has climbed 4%, on pace to post its third winning month in a row. The blue-chip Dow is up a more modest 1.3%.
For the S&P 500, it will be its longest winning streak since a 10-month run ending in December 2017.
Investors are awaiting a key jobs report on Friday ahead of the Labor Day weekend. Economists polled by Dow Jones expect 750,000 jobs were created in August and the unemployment rate fell to 5.2%.
In the FX space things look little changed since this morning with EURUSD trading at the 1.1830 area.
On the political front, the Pentagon said the U.S. has finished its evacuation efforts from Kabul’s airport, effectively ending America’s longest war.
Michael Eliades
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