The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
Bullish Euphoria for US Equities
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
XAU/USD: Gold is trading on the key point of 38.2% retracement. It seems that a correction is still taking place.
US Market View
US stocks are set to open marginally lower Thursday, consolidating after strong gains the previous session, with investors cautious ahead of key unemployment data and with US policymakers still at loggerheads over the size and scope of the next fiscal stimulus bill.
US Key Point
- Trump supports that Dollar will be even stronger if he is reelected.
- Dollar continues to be weaker on the session.
The NZD/JPY pair is trading within the cloud. A failed attempt to move higher will push the market to exit the Kumo, confirming a bearish scenario.
The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!