Day: December 21, 2022

Type: Bullish Rise Key Levels:Resistance:2569Pivot:2422Support:2470 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2569, where the […]

Equities Plunging Ahead of Christmas As Recession Fears Weigh Global equities benchmarks are trading with a heavy tone today as risk markets remain under pressure across early European trading on Tuesday. The driver appears to be the renewed focus being put on global recession risks on the back of last week’s slew of central bank […]

The Bank of Japan announced an unexpected change to its bond yield targeting policy and will now allow 10-year JGB yields to rise to 0.50%. Although Central Bank Governor Kuroda has warned unequivocally that this is not a rate hike, curbing speculation about a further BOJ normalization in 2023 will not be easy. USD/JPY may […]