Will the US economy lead the world into a global recession?
Whenever inflation exceeds 4% and unemployment falls below 5%, the US economy enters a recession in two years.
Technical outlook for CHF/JPY, AUD/JPY, CAD/JPY
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bullish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAG/USD: Silver is finding a resistance at 23.6% retracement area. Bulls remain strong.
US Market View
China arrested Jimmy Lai, one of Hong Kong’s richest and best-known publishers, on suspicion of collusion with foreign agents. Beijing also said it will sanction 11 US politicians, including Senators Ted Cruz and Marco Rubio, in response to US sanctions announced on the same number of Chinese officials last week. US President Trump issued four executive orders to partially extend the payment of enhanced unemployment benefits, to bridge a gap left by the failure of Congressional Republicans and Democrats to agree on a new package of economic relief measures.
US Key Point
- The USD is the strongest and the CHF is the weakest.
- Core 10-year bond yields remain supported after NFP bounce.
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