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Bullish Euphoria for US Equities

Bullish Euphoria for US Equities

Information is not investment advice

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EURUSDM30 (1).png

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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.

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Fibonacci Levels

XAU/USD: Gold is trading on the key point of 38.2% retracement. It seems that a correction is still taking place.

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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.

Similar

USD/JPY: target for selling

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.

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