What is happening? During June 2021, the US dollar index has gained 2…
S&P500 in flirt with a new all-time high
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.
US Market View
Construction of the United States homes surged 22.6% in the previous month as homebuilders bounced back from the coronavirus pandemic since the beginning of the year.
The world’s largest sovereign wealth fund (Norway’s Pension Fund Global) reported $21B loss in the first 6 months of 2020.
Stocks rose today as the S&P500 attempted once again to surpass its previous record close back in February 2020, before the COVID-19 hit.
US Key Point
- Construction of the United States homes surged 22.6% in the previous month
- The world’s largest sovereign wealth fund
- S&P500 in flirt with a new all-time high
The Reserve Bank of Australia will hold a meeting on August 3. Analysts expect a dovish move, which may send the AUD down.
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.