I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Oil has been stable at around USD130 a barrel over night
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is about to exceed an important resistance. A breakout would lead the exchange rate to hit the forthcoming level at 125.00. alternatively, a tumble of the market will push prices to find support at the upper level of the Kumo.
President Biden issued an executive order that the US will ban imports of Russian fossil fuels and investments in the Russian energy sector. The ban applies immediately for new orders and allows 45 days to wind down existing orders. Oil has been stable at around USD130 a barrel over night. United Kingdom also announced it will gradually stop the use of Russian oil by the end of 2022. Additionally, it plans to reduce its gas needs from Russia as well.
Fitch Rating Agency, cut Russia’s rating by 6 notches to C, just 1 step above borrowers who already been driven into default. Markets price the default probability at 84%. Fitch also warned last night that Russian bond default is “imminent” specifically referring to the decision to pay holders denominated in foreign currency to be paid in roubles.
In the equity space defensives sold off the most, while cyclicals and banks - and especially European ones - outperformed. Major markets in the US ended the session as follows: Dow Jones down by -0.6%, S&P500 -0.7% and NASDAQ -0.3%. US futures point slightly higher this morning.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus