Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
The yield on 10-year Treasuries fell two basis points to 0.74%
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is trading above the Kumo. A successful attempt to eliminate the Kijun Sen will confirm the bullish sentiment.
US Market View
Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness, ending his run as the country’s longest serving premier in an announcement that surprised some members of his party. Yen appreciated about 1.3% against the dollar on the news.
The dollar slumped and U.S. equity-index futures gained as the Federal Reserve’s new inflation approach rippled through global markets.
The yield on 10-year Treasuries fell two basis points to 0.74%.
Merkel Warns of Long Road Ahead in Worsening Virus Crisis.
US Key Point
- Japanese Prime Minister Shinzo Abe said he would resign to undergo treatment for a chronic illness.
- The dollar slumped and U.S. equity-index futures gained.
- The yield on 10-year Treasuries fell two basis points to 0.74%.
Michael Eliades
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The Reserve Bank of Australia will hold a meeting on August 3. Analysts expect a dovish move, which may send the AUD down.
Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
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