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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% 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. This optimism returned caused the safe-haven Dollar to plummet, with the USDIndex losing 0.63% To 107.05.

Market participants look forward to today’s release of minutes from the Fed meeting. Investors expect another. 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 succession! This monetary policy would be viewed as a positive signal by the markets if it is approved at December’s last meeting. Markets have been concerned that the Fed might go too far and cause a recession.

source: cmegroup

USDIndex Daily

The USDIndex It is currently trading at 106.79It is now below its Tenkan (Lj), Kijun (Lv), and Tenkan (Lj). The lagging span is (Lb) below the clouds, and below its peers. This clearly indicates that it is experiencing bearish momentum. It could also reach a record price if the market recovers. 107.67 Then…



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