Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
British Pound Gains Momentum
Information is not investment advice
Midday Market View
European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington. The broader Euro STOXX 600 fell 0.4%, eroding hefty gains from a day earlier, with indexes in Frankfurt, Paris and London each losing between 0.4%-0.5%.
Midday Key Point
- Eurozone September final consumer confidence comes at -13.9 than -13.9 expected
- Germany reportedly may limit gatherings to curb virus spread
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?