Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
US futures are pointing slightly higher
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now trading within the Kumo. Any decisive movement to the south will push prices to exit the cloud with further bearish implications. Alternatively, the exchange rate would target the upper level of the Kumo.
Market View
Equities in the US ended in negative territory at the last hour of the session yesterday. Intraday volatility came down but it remains to be seen if it will remain there. It is important to note that energy stocks have outperformed tech by almost 30% this year. Markets in the US, ended the day as follows: Dow Jones unchanged, S&P500 down by -0.4% and NASDAQ -0.6%. Asian markets are mixed this morning with Japanese stocks higher while Hong Kong is lower led by tech shares. US futures are pointing slightly higher while European futures are slightly lower.
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