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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.
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