Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
US stock futures jumped continuing a strong start to September
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair has just breached the Kijun Sen level. If the bears manage to withstand the bulls’ pressure, the bearish sentiment will remain in force.
US Market View
- US stock futures jumped early Wednesday continuing a strong start to September.
- The SP500 climbed 0.6% while Nasdaq futures advanced 1%.
- Private payroll growth came in well below expectations for Aug according to a report Wednesday from ADP.
- Macy’s shares rise after retailer posted 53% jump in Q2 digital sales.
- EURUSD about 0.5% lower in midday trading at about 1.1856.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
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?