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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.
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