Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
A USD bullish trend for the months ahead seems very likely
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a new bearish outlook.
XAG/USD: Silver achieves a full-time retracement. It is a very high probability scenario Silver to move even higher.
US Market View
US stock futures jumped on Thursday as investors bet that a Republican held Senate would block any moves by a Joe Biden administration to tighten regulation and raise taxes on corporate America, even as the presidential election remained too close to call. Biden had edged closer to victory in the race for the White House on Thursday after winning Michigan and Wisconsin, but Democrats appeared unlikely to win the Senate, potentially making it difficult for a Democrat administration to rein in Big Tech and other businesses.
USA Key Point
- The EUR is the strongest while the USD is the weakest
- ECB's Villeroy supports that French second lockdown to have less economic impact than the first
- European Commission cuts Eurozone 2021 GDP forecast to +4.2% from +6.1% previously
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?