The dollar suffered losses against the rest of G10 yesterday
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading within the cloud…
USDJPY climbed north of 115
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is trading into fresh highs. Further bullish momentum will fuel the pair further upwards. Alternatively, a break below the Tenkan sen level will push prices to find support at the Kijun sen level.
Market View
Equity futures in the U.S. were muted headed into overnight trading on Wednesday after the S&P 500 and Dow Jones extended a rally to close at all-time highs amid a thin trading last week of 2021 on Wall Street.
Contracts on the Dow, S&P, and NASDAQ were mostly unchanged.
Market swings intraday were exaggerated by the low trading volumes. Earnings and economic calendars remain light for the final two trading days of 2021, though investors will turn their attention on Thursday to fresh data out of Washington on weekly jobless claims.
First-time unemployment filings are expected to tick up slightly from last week’s reading but remain close to pre-pandemic lows, signalling continued recovery in the labour market as high demand for workers pours into the New Year.
In the FX space, EURUSD is trading a bit lower this morning at around 1.13 while USDJPY climbed north of 115 for the second time since Nov 2021.
Michael Eliades
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3 Forex Pairs to Trade Right Now
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
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