Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
Brexit Risks in Focus
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver stands below 50% retracement area and seems that the correction has momentum.
EU Market View
A gauge of Asian shares was knocked off a 2-1/2-year peak on Wednesday, as halted COVID-19 vaccine trials and an impasse in U.S. stimulus talks soured risk appetite, while oil was hit by demand concerns amid growing coronavirus cases. Looking ahead, highlights from macroeconomic calendar include ECB's Lagarde, Lane and Mersch, Fed's Clarida and Kaplan, BoE's Haldane, IEA Oil Market Report.
Investors are also watching tensions between the European Union and Britain after the EU demanded "substantive" movement on Tuesday on fisheries, dispute settlement and guarantees of fair competition in their talks on a post-Brexit trade deal.
EU Key Point
- EU leaders to say no breakthrough in Brexit talks
- Japan August final industrial production +1.0% vs +1.7% m/m prelim
- Germany reports 5,132 new coronavirus cases in latest update today
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