Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP/USD loses strenght because of an extented Brexit uncertainty
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The pair is trading below the cloud. Further bearish pressure will lead the currency pair to retest the previous lows.
XAU/USD: Gold consolidates above the key 50% retracement area since Thursday.
European Market View
Asian equity markets were mixed despite the region initially taking its cue from the fresh record levels last Friday on Wall Street in which all major indices posted all-time highs. Asian shares retreated from a record peak on Monday after a Reuters report the United States was preparing to impose sanctions on some Chinese officials highlighted geopolitical tensions, while oil prices fell on surging virus cases.
Looking ahead, highlights from macroeconomic calendar include Eurozone Sentiment Index, German Industrial Production and Riksbank Minutes.
EU Key Point
- UK reportedly reaffirms that there is no progress on fisheries, says EU is 'literally making it up'
- Barnier reportedly told EU envoys that there is no deal yet
- German factories less optimistic about production in the coming months
- Germany reports 12,332 new coronavirus cases in latest update today
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.