I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
USDJPY held steady above 114.00
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is now trading between the Tenkan sen and Kijun sen levels. A break back below the Tenkan sen level will push prices into lower ground. Alternatively, an upward wave would lead the exchange rate above the Kijun sen level, targeting the lower level of the Kumo.
European Market View
Thursday was a fairly quiet but positive day for stocks. The data calendar provided little for markets to trade on and the earnings season is no longer a driver. Materials stood out as the winner yesterday as Evergrande once again, avoided a default, industrial metals improved and EM optimism increase. In the United States major indices closed as follows: Dow Jones down by -0.4%, S&P 500 up +0.1% and NASDAQ up +0.5%. This morning there is some EM optimism with Alibaba reporting a record in Singles Day sales. Property developers are in red again and hence Hang Seng is underperforming. Futures in US and Europe are slightly higher.
In the FX space, broad USD continued to rally yesterday. EURUSD fell to 1.1450, while USDJPY held steady above 114.00.
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