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USD weakened against most G10 currencies
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is trading below the Kumo. The bearish scenario is still in force and the currency pair is expected to drop further.
European Market View
Today is expected to be a quiet day in terms of economic news. From the other side of the Atlantic, the market expects preliminary US core capex orders and shipments for June, which will give us some information over investment growth in Q2. Additionally, US house prices are out at 15:00CEST, and US consumer confidence at 16:00CEST.
In the equities space, markets have been quiet overnight. Chinese stocks continued lower after the recent crackdown on big tech and lately the education sector (downgraded by a large investment bank). Tesla presented a strong earnings report and delivered $1 billion in net income, a milestone for the 18-year-old company. Bond yields are unchanged from yesterday.
In the FX space, USD weakened against most G10 currencies while GBP came out stronger. EURUSD was traded again above the 1.1800 but is currently again is the 1.1785 area.
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