Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
EUR/USD Remains Quiet Before ECB
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 stands above the 23.6% retracement area. Seems that a consolidation period is ahead.
EU Market View
Asian equity markets traded mostly positive, following the upbeat performance in EU counterparts. Looking ahead, highlights from macroeconomic calendar include German Trade Balance and Eurozone GDP.
EU Key Point
- French statistics agency says economic activity seen at 95% of pre-virus levels in Q3
- Hong Kong announcing further easing to virus restrictions
- New Japanese Prime Minister Suga is supporting that Abenomics will continue
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?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.