Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
President Trump Returns to the White House
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming bullish momentum.
XAU/USD: Gold stands above 23.6% retracement area and seems that gains steadily.
EU Market View
Asian equity markets traded positively following the firm handover from global peers as markets track stimulus developments and US President Trump’s health. White House Chief of Staff Meadows noted there is potential for a stimulus package, although doubts over Senate approval remain. US President Trump is planning to participate in the next Presidential Debate scheduled for October 15th
RBA maintained the Cash Rate Target and 3yr yield target at 0.25%, as expected and reiterated forward guidance .Looking ahead, highlights from macroeconomic calendar include EZ & UK construction PMIs, EIA STEO, ECB's Lagarde, Lane, Fed Chair Powell, Harker, Bostic, Kaplan speeches.
EU Key Point
- Germany August factory orders come at +4.5% vs +2.8% m/m than expected
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?