EUR/USD at 52 week high
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
Risk Averse Lead Markets
Information is not investment advice
Ichimoku Kinko Hyo
EUR/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: Gold has failed to stand above 23.6% retracement area. Seems that sellers increase downside pressure.
EU Market View
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend. US equity futures pare Asia session losses with Emini S&P now flat and Emini Nasdaq 100 up 0.7%, although still have far to go to recoup Tuesday's tech sell-off; Asia-Pac bourses remain heavily pressured. Looking ahead, highlights from macroeconomic calendar include US JOLTS and BoC Interest Rate Decision.
EU Key Point
- Japan's Suga supports that it is important to protect jobs, help businesses continue operating
- ECB heaps further pressure on big banks over Brexit plans
Michael Eliades
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EUR/USD at 52 week high
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
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