Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
Tech stocks added 2.1% to lead gains
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now poised to test the lower level of the cloud. If the bulls manage to take control of the bears, the currency pair will enter within the Kumo. On the other hand, a reversal back would push prices to retest the previous bottom.
After market sell off on Monday, global markets will focus on the latest U.S. inflation data due out this week; the U.S. consumer price index is set for release Wednesday and the producer price index for Thursday. Global investors will be looking for any clues from Fed officials as to the timing of interest rate hikes too; Federal Reserve Chairman Jerome Powell’s confirmation hearing will take place on Tuesday.
The European Stoxx 600 gained 0.9% in early trade, mostly recouping the 1.3% decline by Monday’s close. Tech stocks added 2.1% to lead gains as all sectors and major bourses entered positive territory.
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading above the cloud…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the upper level of the Kumo…
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The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.