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US futures are pointing a tad lower this morning
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now testing the Tenkan sen level. A plunge of the market will push the currency pair below the previous support, bringing the rate into fresh lows. Alternatively, a bounce up from the current levels would lead NZD/JPY into a correction phase towards the Kijun sen level and the lower level of the Kumo.
There was a risk off in markets on Wednesday, especially in Europe while US recovered well off the day's lows. Cyclical and growth stocks moved lower for a second day and quite markedly so (growth underperformed value by 200bp). Defensives and materials were the only sectors higher. Dow Jones ended the day lower by -0.4%, S&P 500 -1% and NASDAQ -2.2%. US futures are pointing a tad lower this morning as well.
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