Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD enters a consolidation period
Information is not investment advice
Ichimoku Kinko Hyo
GBP/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 moves at 38.2% retracement level. It seems that silver has entered a consolidation period.
US Market View
Dow notched gains Thursday, led by value stocks like energy and financials, on hopes the economy is set to get a fiscal boost after House Speaker Nancy Pelosi suggested an agreement on stimulus was nearing the finish line. The Labor Department said 787,000 people filed for unemployment insurance, down 55,000 from the prior week's downwardly revised 842,000, and well above economists' forecast for 870,000. Some economists, however, questioned whether the trend will continue in the wake of rising Covid-19 cases.
US Key Point
- Kudlow supports that there are still policy differences on stimulus
- French government told fishing industry it would get smaller catch from UK waters
- Netherlands hits 10,000 daily virus cases for the first time
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?