The VIX index rose to the highest level since early December
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the Kumo…
Stock futures opened near the flat line last night
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now trading within the Kumo. A plunge of the market will push the exchange rate to exit the cloud, pushing GBP/JPY into lower ground.
European Market View
Today’s most important figure will be the Consumer Price Index inflation for July in the United States. Inflation figures for June 2021 were higher than expected and if the actual result is greater than forecast would provide further momentum to the U.S. interest rates and the dollar.
Stock futures opened near the flat line last night after another all time high for S&P 500 and Dow Jones. European markets seem cautious, with DAX 30 negative 0.01% and CAC 40 positive 0.06%. Healthcare stocks are adding approximately 0.4% while travel and leisure are losing 0.8%.
Michael Eliades
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EURUSD currently trades in the low band of 1.13
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is gyrating within the cloud…
The dollar suffered losses against the rest of G10 yesterday
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
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The VIX index rose to the highest level since early December
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the Kumo…
Central Banks at Crossroads: Fighting Inflation vs. Supporting Economy
The major central banks will walk different paths in 2022. Some will respond to the threat of inflation, while others will continue to focus on boosting economic growth and recovering from the pandemic.
EURUSD currently trades in the low band of 1.13
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is gyrating within the cloud…
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