Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP/USD is now poised to test the resistance level at 1.31632
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading between the Kijun sen and Tenkan sen level. A downward wave would open the way down towards the previous low and further down. Alternatively, a break through the Kijun sen level will push prices into further correction.
The European Stoxx600 drifted around the flat line in early trade, with travel and leisure stocks gaining about 1% while telecoms dropped 0.6%.
The ECB will announce its latest monetary policy decision at 12:45 p.m. UK time. Markets are not expecting any change in interest rates just yet, but widely expect the Governing Council to adopt a more hawkish tone and lay the foundations for policy tightening over the summer, with euro zone inflation running at a record high.
Investors in Europe are also monitoring the invasion in Ukraine. A Russian missile cruiser was attacked and damaged by Ukrainian forces in the Black Sea early on Thursday, forcing the entire crew to be evacuated.
U.S. President Joe Biden announced another $800 million in weaponry for Ukraine on Wednesday, following an hour-long phone call with the country’s president, Zelenskyy.
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.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?