AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
European Markets Look to Follow Asia's Positive Lead
Information is not investment advice
Ichimoku Kinko Hyo
AUD/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: Silver stands below retracement area of 50%. It seems that bulls slowly and steadily buy gold.
EU Market View
Asian equity markets were positive across the board and US equity futures also began the week on the front foot. US Senate Majority Leader McConnell said he wished he could say we were going to get another package but added that it does not look that good right now. Looking ahead, highlights from macroeconomic calendar include Eurozone industrial production, ECB's Makhlouf and Lane speeches.
EU Key Point
- Risk looking positive as we enter European session.
- Japan Industrial Production for July (final) comes at 8.7% m/m (prior was 8.0%)
- China has launched an anti-subsidy investigation on some imports from the United States
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AUD/JPY : Appetite for risk is booming
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…
Is gold ready to shoot up?
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
USD/JPY: Downtrend could extend to the 108.40 region
Ichimoku Kinko Hyo GBP/JPY: The pair is trading below the cloud…
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