Gold: FOMC Meeting Will Clarify the Future
What will happen? FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27…
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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