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...
S&P logged its fifth consecutive gain
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now testing the upper level of the cloud. A successful penetration of this level will most likely lead the exchange rate higher. A failed attempt to move higher will push prices again back to the Kumo.
European Market View
Today EU will discuss whether to impose again restrictions on visitors from the US. The fact that COVID-19 is still with us continues to create problems for some sectors, here possibly the tourism sector in Europe. COVID-19 is also creating problems for supply chains, South East Asia -for instance- is hard hit at the moment.
Equity markets around the world posted small movements on Wednesday, although US managed to climb to new highs. The big story was however investors seeking exposure towards value sectors, like banks, industrials and energy. Meanwhile, health care and tech continued to lag. S&P logged its fifth consecutive gain up 0.2%, Dow 0.1% and NASDAQ 0.2%. Equity sentiment muted again this morning with Asian markets slightly lower and US futures the same.
In the FX space, yesterday was very quiet in the FX markets with EUR/USD, EUR/GBP, EUR/NOK and EUR/SEK broadly unchanged ahead of Fed Chair Powell's speech at Jackson Hole tomorrow, Friday.
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