EUR/AUD rose to 1…
Brexit negotiations will resume this week
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The currency pair is now between the Tenkan Sen and the Kijun Sen level. An upward wave would push prices to eliminate the Tenkan Sen key level, confirming further bullish implications.
XAG/USD: Silver is now testing the key level at 61.8% of the Fibonacci retracement levels. Further bullish momentum will push prices to hit the next level at 88%.
European Market View
This Wednesday Fed minutes will be scrutinized ahead of September’s important Fed meeting, whereas a possible new target will be in focus.
On Friday, PMI August figures from Germany, France, and the United States will be monitored to see if the recovery continued in August after the encouraging July numbers.
Brexit negotiations between the European Union and the United Kingdom resume this week.
European Key Point
- Wednesday Fed minutes
- PMI August figures from Germany, France, and the United States
- Brexit negotiations will resume this week
US stock markets are set to open mixed as the post-Pfizer rally is reassessed, but cyclicals are still clearly outperforming the growth and momentum names that have notched the biggest gains during the pandemic.
Biden maintains the lead in crucial Pennsylvania. EUR/USD little changed since this morning.
Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.
Most analysts claim EUR/USD will dip to 1.2000. After that, the pair should reverse to the upside.
Asian equity markets began the week cautiously after Friday’s losses on Wall St. Mixed Chinese GDP added to the tentative mood for stocks.