Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
US futures have turned slightly positive
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now testing within the Kumo. Any downward wave would lead the exchange rate to exit the cloud. The pair might attempt to retest the previous low. On the other hand, a higher thrust of the currency pair would trigger the market to test the upper level of the cloud.
Yesterday’s rebound was short-lived, with U.S. markets dipping back to red toward the end of the session. Growth lagged again as yields picked up, with semiconductors, medical and tech selling off further. Dow Jones closed lower by -0.2%, S&P 500 by -1.2% and NASDAQ -2.3%. Asian markets look like have no real direction this morning, and US futures have turned slightly positive.
The IMF came out yesterday and cut its global growth forecast to 4.4% in 2022 from 4.9% back in October.
Today is the FOMC meeting and should expect the Fed to remain hawkish. That would probably mean EUR weakness is here to stay.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.