USDJPY: dips to test 100 hour Moving average before FOMC
Fibonacci Levels XAU/USD: Gold facing a further consolidation above 23…
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.
Fibonacci Levels
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.
Michael Eliades
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