AUD/JPY: Risk off remains and gains momentum
U.S. stocks are set to open lower later, on a combination of the pandemic news and the downbeat news from Tech’s Old Guard late on Thursday.
The NZD is the Strongest while the EUR is the Weakest
Information is not investment advice
Ichimoku Kinko Hyo
AUD/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.
Fibonacci Levels
XAU/USD: Gold has made a full correction but still struggles to stand between 23.6% and 38.2% retracement area.
US Market View
U.S. stocks are set to open lower Friday, continuing the recent selloff with investors' confidence hit by a combination of pandemic, economic and political worries. The prospect of further U.S. stimulus remains a key focus, after a plethora of Federal Reserve speakers, including Chairman Jerome Powell, highlighted the need for more aid to keep the recovery going.
US Key Point
- US August prelim durable goods orders come at +0.4% vs +1.4% expected
- Risk aversion grips the market ahead of North American trading
Michael Eliades
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AUD/JPY: Risk off remains and gains momentum
U.S. stocks are set to open lower later, on a combination of the pandemic news and the downbeat news from Tech’s Old Guard late on Thursday.
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USD strength on risk off mood
Asian equity markets traded cautiously after the mixed lead from Wall St where most indices stalled at record levels
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