Equity markets climbed in Europe yesterday
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
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.
Similar
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…
Popular
United Nations Call the Fed to Cut Rates
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Choose your payment system
