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The SP500 and Nasdaq were set to ease from record levels at the opening on Thursday
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Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now trading within the cloud. An upward wave would lead the exchange rate to exit the Kumo, confirming the bullish scenario.
US Market View
The SP500 and Nasdaq were set to ease from record levels at the opening on Thursday as the tech rally is cooling and weekly jobless claims fueled worries about the US labor market.
The US monthly payrolls which are watched closely are set to come out on Friday.
Wall Street has rallied in recent weeks with the S&P 500 and Nasdaq hitting new closing highs, driven by the strength in tech-focused companies and unprecedented fiscal and monetary stimulus measures.
The Nasdaq has surged about 80% from its March 23 lows and the S&P 500 and Dow have gained about 60% from their lows. The blue-chip Dow needs to advance just about 2% to surpass its pre-crisis high hit in February.
The dollar’s bounce extended on Thursday as investors trimmed bets against the greenback and sold the euro on concerns that the European Central Bank was worried about its rise.
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus