Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
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.
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