Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
US futures suggest markets will open lower
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now trading slightly above the upper level of the Kumo. An upward wave would lead the currency pair to hit the previous peak. Alternatively, a tumble of the market will push prices within the cloud, to continue the sideways movement.
Markets will continue to digest yesterday's FOMC message and watch out for Russia-Ukraine headlines.
US delivered the written response to Russian security demands yesterday, but expectedly, it did not commit to Russia's key demand of stopping NATO's expansion towards east.
In the FX space EURUSD moved lower after the FOMC meeting and is currently trading below the 1.12 level.
US equities went from positive territory to negative one as Fed Chair Jerome Powell reiterated the hawkish message during the press conference. Dow Jones closed lower by -0.4%, S&P 500 down -0.2%, and NASDAQ closed unchanged. Tech and banking sectors were among the groups that performed better. Asian markets declining this morning with Japan and China correcting about -3%. US futures suggest markets will open 1-2% lower.
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?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.