Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
US futures have dipped slightly lower
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now testing the Tenkan sen level. A successful attempt to move higher will fuel the exchange rate to hit the previous peak. On the other hand, a failed attempt to exceed the Tenkan sen level will push prices to find support at the upper level of the Kumo.
Market View
The market focus remains on possibility of peace negotiations between Russia and Ukraine.
A key event in today’s agenda will be the ECB meeting, where markets will get important signals on how the ECB sees the current situation between inflation and growth.
Markets were fully risk on yesterday as President Zelenskyi's deputy chief of staff I. Zhovkva hinted they are open for diplomatic talks regarding the country's neutrality. European and U.S. markets moved significantly higher on this information. DowJones climbed higher 2%, S&P 500 2.6% and NASDAQ 3.6%. Asian markets are following the rebound this morning. US futures have dipped slightly lower.
Similar
Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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