Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Risk Mounts Ahead of US Election
Information is not investment advice
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.
XAU/USD: Gold has started a downside correction and stands on the key 38.2% retracement area.
EU Market View
Asian equity markets were subdued, and US equity futures traded choppy after last Friday’s losses on Wall Street. US Democrats and White House officials were nearing a deal on Friday on a stopgap spending bill to fund the government, which was hampered by a dispute over funding for farmers. The death of Supreme Court Associate Justice Ginsberg has opened another front in the election battle with President Trump intending to make a nomination in the week ahead. Looking ahead, highlights from the macroeconomic calendar include ECB's Lagarde, Fed's Brainard, and Williams and Kaplan speeches.
EU Key Point
- USD/JPY one to watch as the focus stays on equities to start the new week
- German health minister says virus infection dynamic in Europe is worrying
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.
The US dollar index has all chances of reaching the 2000s high of 120.00.