Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Risk off Gains Momentum after Presidential Debate
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.
XAG/USD: Silver stands slightly below the 23.6% retracement area. Seems that some correction is taking place.
EU Market View
Asian shares crept higher on Wednesday after data showed China's economic recovery gathering steam, but a chaotic first US presidential debate between President Donald Trump and Democrat Joe Biden weighed on the mood.
US equity futures slipped and the dollar, regarded as a safe-haven currency, drew support in the wake of the debate as it offered few insights into the outcome of the US election.
EU Key Point
- China Caixin/Markit manufacturing PMI comes at 53.0 (expected 53.1)
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?