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Ichimoku Technical Market Analysis – 23 November 2022

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Yesterday’s session ended higher for equity markets, with gains in various sectors like basic materials, oil & gas, and tech contributing to this move. The NASDAQ And  S&P500 Both can be closed. 1.36% And the Dow Jones Was up 1.18%. The Volatility Index (VIX), which measures the volatility of the S&P500, fell 4.79% To 21.29This is a new 3-month low. The safe haven Dollar fell as a result of optimism’s return. USDIndex losing 0.63% To 107.05.

Today’s market participants are eagerly awaiting the release of minutes from Fed meetings. Investors anticipate another Fed meeting. 0.5 In December, the US central bank raised interest rates by a basis point. The US central bank raised interest rates by 0.75 Historic first, the Fed has adopted four basis points in a row! If the monetary policy adopted at the December meeting is passed, it will be viewed as a positive signal by the markets. They have been concerned that the Fed might go too far, causing a recession.

source: cmegroup

USDIndex Daily

The USDIndex It is currently trading at 106.79Below its Tenkan and Kijun (Lv), the lagging spans (Lb) are below their peers and the clouds, which indicates that the price is in bearish momentum. However, the price could rise if it goes back up. 107.67 And then…



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