Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of 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.
Similar
EURGBP rose on dovish BoE
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
The highlight for markets today will be the FOMC meeting
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
Popular
Walmart earnings outlook
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What to trade on May 16-20?
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Choose your payment system
