AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
British Pound Under Pressure
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
XAU/USD: Gold moves below 38.2% retracement level. It seems that gold bulls still struggle to move higher.
EU Market View
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
Looking ahead, highlights from macroeconomic calendar include UK Retail Sales, Eurozone, UK, and US PMIs (Flash), CBR Rate Decision; S&P reviewing Greece, UK and Italy. The final Presidential Debate prompted little market action, but was overall structured, civilized and touched upon policy.
EU Key Point
- China's FX regulator said the CNY is more stable than expected and has maintained relatively high flexibility
- US President Trump said a COVID-19 vaccine is ready and will be announced in the coming weeks, but it is not a guarantee
- France's Le Maire: Q4 will show negative figure for French economy
Gerasimos Papagiannis
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AUD/JPY : Appetite for risk is booming
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Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
USD/JPY: Downtrend could extend to the 108.40 region
Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud…
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