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GOLD and SILVER Lose Strength

GOLD and SILVER Lose Strength

Information is not investment advice

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Ichimoku Kinko Hyo

CAD/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.

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Fibonacci Levels

 XAG/USD: Silver stands above the 23.6% retracement area. Indecision still exists.

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US Market View

Wall Street's main indexes were on track to open higher on Friday, after a pullback in the previous session, with Oracle's solid quarterly results underscoring the resilience of tech-related companies during the coronavirus crisis. Still, many investors view the slump as a healthy consolidation after a stunning five-month rally in the S&P 500 that was powered by a narrow group of heavyweight tech names and scores of fiscal and monetary stimulus.

US Key Point

  • USD/CAD turns higher as oil falls back below $37
  • Inflation data tops the economic calendar as US winds down a wild week
  • China reportedly takes unspecified countermeasures against US diplomats

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