AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
The black gold looks set for the first weekly rise in three weeks
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair has breached the Kijun Sen level. Further bearish sentiment will push prices into lower ground.
European Market View
After yesterday's equity sell-off things are looking mixed in the Asian session this morning. US equity futures are flat, while many of the big Asian indices have erased the majority of losses that followed the opening hours. Interestingly, growth and technology stocks have clearly underperformed value post Wednesday's FOMC meeting.
Yesterday Bank of England kept monetary policy unchanged and signaled that it will not hike rates for a long period of time. Bank of England's discussion on negative interest rates weighed on the GBP.
EUR/USD started the day by moving lower due to the general risk-off after the slightly disappointing Fed meeting Wednesday night. EUR/USD recovered during the day and remains in the 1.17-1.19 range, which we expect the cross will continue to trade within near term.
Oil price. The black gold looks set for the first weekly rise in three weeks.
Michael Eliades
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AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
USD/JPY: Downtrend could extend to the 108.40 region
Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud…
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