Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.
Suddenly, the US Dollar Index fell 6.70% over the last two weeks, marking the biggest decrease in the currency since 2020.
The G20 summit took place in Bali, Indonesia, on November 2022…