Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Brexit talks set to restart
Information is not investment advice
Ichimoku Kinko Hyo
EUR/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.
XAG/USD: Silver gains and moves above 23.6% level. It seems that bulls will gain further.
US Market View
A senior US official tells Politico's Morning Money that (in relation to recent upbeat comments from House Speaker Pelosi) that there was “nothing real here” and accused Pelosi of just “running out the clock” before the election. The political theater over a U.S. fiscal stimulus package drags on into another day, with House Speaker Nancy Pelosi extending her self-imposed deadline for a deal and President Donald Trump putting more pressure on Senate Republicans via Twitter and the campaign trail to agree to a larger package of support measures. Crude oil prices came off the highs posted in reaction to progress on the U.S. stimulus talks but remain well supported, helped by weakness in the dollar which it makes oil cheaper for non-U.S. buyers.
US Key Point
- Canada new home prices jump the most in 14 years
- Brainard making the case for owning stocks: "Financing conditions favorable for large businesses, tight for small businesses"
- Fed's Brainard supports that aside from virus, biggest downside risk is no fiscal support
- Paypal to allow users to buy, hold and sell four cryptocurrencies
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?