Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
The next stimulus bill in the United States
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading within the Kumo. Should USD/JPY manage to exit the cloud will signal a bull sentiment.
XPT/USD: The commodity has just surpassed the key level at 56.8%. Further bullish momentum will lead the Platinum further up into higher grounds.
European Market View
In terms of economic data releases, today is considered as a quiet day.
The focus is on the ongoing negotiations of the next stimulus bill in the United States, which do not seem to move forward.
Quarterly earnings results set for release today are about to give further indications of the corporate-level impacts of the pandemic.
European Key Point
- The next stimulus bill in the US.
- Quarterly earnings results set for release today.
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?