Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
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.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?