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USDJPY continues to be below the 110.00 area
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is trading within the cloud. An upward wave would trigger the market to exit the Kumo, leading the pair into higher ground.
European Market View
S&P 500 and Dow futures opened slightly higher, while Nasdaq 100 futures dipped as the overnight session kicked off to track a decline in heavily weighted component Amazon.
Many economists are expecting to see a slowdown in the pace of expansion in the economy in the U.S. in the second half of the year.
For corporate earnings, however, the second-half headwinds could be more noticeable, with the impacts of factors like inflation and supply chain issues still at play.
Still, the vast majority of companies have posted second-quarter earnings results that topped estimates. These results, in tandem with ongoing support from monetary policymakers, have helped fuel the market to record levels. The S&P 500 hit a record intraday high on Thursday and ended just short of its record closing high.
In the FX space, this morning, the dollar was little changed with EURUSD trading at 1.1870 area this morning and USDJPY continues to be below the 110.00 area trading at 109.50.
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