Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/JPY: bearish sentiment
Information is not investment advice
Ichimoku Kinko Hyo
EUR/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.
XAU/USD: Gold continues to stand below the 23.6% retracement area. There is a clear indecision between bulls and bears.
US Market View
Brexit risk is back on the radar after a report that the U.K. government is preparing new legislation that would make the continuation of smooth trade with the EU after the end of this year impossible. With U.S. markets closed for the Labor Day holiday, the focus Monday was on Asia and Europe, which largely went their separate ways.
Chinese indexes fell by 2.7% after reports suggesting that the U.S. is looking to impose sanctions on chipmaker Semiconductor Manufacturing International, further tightening restrictions on the Chinese high-technology industry.
US Key Point
- Boris Johnson speech ahead about Brexit negotiations
- The JPY is the strongest and the GBP is the weakest as the European afternoon session begins.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.