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AUD/JPY Gains under Risk on Attitude

AUD/JPY Gains under Risk on Attitude

Information is not investment advice

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Ichimoku Kinko Hyo

EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

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Fibonacci Levels

 XAG/USD: Silver has made a full correction but still struggles to stand above 23.6% retracement area.

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US Market View

US stock markets are set to open sharply higher, helped partly by the lack of a killer punch in the NY Times’ tax disclosures but driven largely by what appeared to be bargain-hunting after four weeks of losses in the major indexes.

The major US cash indexes weakened last week, their fourth week of losses in a row. This selloff has largely been duplicated overseas, and companies are now seeing bargains to be snapped up. The New York Times released an in-depth expose of President Donald Trump’s tax returns, which showed that he paid only $750 in income tax in the year he was elected.

US Key Point

  • UK PM spokesman supports that there are significant gaps but a Brexit deal still possible
  • The GBP is the strongest and the USD is the weakest currency

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