EUR/USD climbed towards 1.07
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
Global markets were lower yesterday
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now trading within the Kumo. Any decisive movement to the north will fuel the pair to eliminate the upper level of the cloud, with immediate target the previous resistance level. On the other hand, further drop of the market will lead the exchange rate deeper into the Kumo.
Market View
In today's calendar the most important data release is the US CPI inflation figures due out 14:30 CEST. Inflation likely rose to above 8% due to mainly a jump in commodity prices but it should be expected that core inflation rose further.
Global markets were lower yesterday as the stagflation theme continues. Both the US and European session ending close to day’s low, and futures are lower on both side of the Atlantic this morning. Defensive value outperforming with banks doing better despite the stagnating environment. Value has outperformed quality by more than 10% YTD, but valuation suggest there is more to come. Uncertainty moved higher yesterday with VIX north of 24. In US Dow Jones closed lower by -1.2%, S&P 500 -1.7% and NASDAQ -2.2%. Asian markets are in negative territory this morning as the risk off sentiment is spreading in Asia as well.
Similar
Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
EURGBP rose on dovish BoE
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Popular
EUR/USD climbed towards 1.07
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now trading within the Kumo…
How Will Amazon Price React To The Split?
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
Can a recession be avoided?
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
Choose your payment system
