Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Stimulus hopes remain to keep markets strong
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.
XAG/USD: Silver stands above 23.6% retracement area and signs a strong bullish trend.
EU Market View
US House Speaker Pelosi said we remain at an impasse in COVID-19 aid talks; Trump admin has called on Congress to pass a stripped-down version of the relief bill.
Looking ahead, highlights from the macroeconomic calendar include ECB’s Lagarde, de Guindos, Schnabel, Panetta, BoE’s Bailey, Haskel and US Columbus Day Holiday. EU leaders are to insist on tough enforcement for any UK trade deal; UK PM Johnson said Britain is committed to exploring every avenue to reach an agreement
EU Key Point
- European equities open slightly higher to start the day
- Germany September wholesale price index comes at 0.0% vs -0.4% m/m prior
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?