Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Information is not investment advice
Ichimoku Kinko Hyo
USD/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 stands above the 50% retracement area. Buyers have returned.
US Market View
The number of Americans applying for initial unemployment benefits came in at a larger than forecast 884,000 last week, indicating that labor market recovery is stalling amid the ongoing coronavirus pandemic. Headline inflation is likely to remain negative in the coming months and to turn positive in early 2021, Lagarde said. She noted that the euro will put downward pressure on inflation.
US Key Point
- ECB September forecasts see higher inflation in 2021
- ECB September GDP forecasts show bump in 2020 to -8.0%
- Lagarde says that there is no need to overreact to euro gains
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?