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Risk On Moves Markets Higher
Information is not investment advice
Ichimoku Kinko Hyo
USD/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 a bullish momentum.
XAU/USD: Gold stands on 61.8% retracement area despite last week’s NFP. Seems that some correction is taking place.
EU Market View
UK PM Johnson set a deadline of October 15th to secure a Brexit deal with the EU and both sides agreed to 11 days of “intensified” talks to finalize an agreement. Looking ahead, highlights from the macroeconomic calendar include Final Eurozone, UK and US services PMIs, ISM non-manufacturing, BoE's Haldane, ECB's de cos, and Fed’s Evans speeches. President Donald Trump could be discharged from the hospital where he is being treated for COVID-19 as soon as Monday, according to his doctors, although his condition remains unclear and outside experts warn that his case may be severe.
EU Key Point
- US Senate Majority Leader McConnell said we are getting closer to stimulus negotiations
- BOJ's Kuroda: Japanese economy in severe condition but picking up
- Eurostoxx is higher +0.9% in early European trading
- Germany's Altmaier supports that no taxes should be raised during the pandemic
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus