Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
US100 & S&P500: Trading Ideas
Information is not investment advice
S&P500 Daily chart
S&P500 has shown its weakness during the last two weeks and the historical data says the correction is not over yet. Ever since the market had crashed in 2020, we have seen several S&P500 corrections with one thing in common. During every correction, the price has been touching at least the 50-day moving average. This one would not be an exception. With the bearish divergence on a daily chart, the price will drop down to 4250 first. If this price breaks this support level, it will head towards 4200.
US100 Daily chart
US100 4H Chart
Nasdaq (US100) had been also falling during the last week. During last year during every correction, the price had been reaching 100-day moving average. With the bearish divergence on a daily chart, the price will aim towards the range between 13700 and 14000.
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Brutal session in the equity markets yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
The U.S. economy added 390,000 jobs in May
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
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European Currencies Ahead of the Banks' Statements
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
Will the FOMC Surprise the Markets?
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
What awaits the Oil Market in February?
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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