Recently, for the first time in two decades, the euro reached parity with the US dollar…
S&P500 attempts last February’s record close
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading outside of the Kumo. The next resistance is seen at the Kijun Sen. Further bullish momentum will lead the pair into higher ground.
XAU/USD: The commodity is now testing the key level at 50% of the Fibonacci retracement levels. A successful attempt to move higher will most likely signal stronger bullish implications, targeting the forthcoming level at 61.8%.
US Market View
The United States stock futures were steady today, with S&P500 takes aim again at last February’s record close.
Builder confidence in the newly-built, single-family home market jumped by six points to 78 this August on the National Association of Home Builders (Wells Fargo Housing Market Index). Any figure above 50 is considered positive sentiment.
New cases of COVID-19 have remained stubbornly high in recent days, with the world facing record numbers daily.
US Key Point
- S&P500 takes aim again at last February’s record close Gold exceeded the $2.000 per ounce.
- Builder confidence in the newly build, single family home market jumped by six points.
- New cases of COVID-19 have remained stubbornly high in recent days.
The second earnings season of 2022 has almost begun. From banks and tech stocks to cars and the retail sector: in this outlook, we covered the most promising releases of this summer and made several projections on the companies’ prospects.
The stock market has reversed, and now it’s going lower and lower…
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The US dollar index has all chances of reaching the 2000s high of 120.00.
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