The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
The United States jobless claims will be released
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: The EUR/JPY pair is now testing the Tenkan Sen support level. If the pair break below this level, the next support is the Kijun Sen level. Further drop of EUR/JPY will continue its bearish sentiment.
European Market View
The European Central Bank minutes will cover the relatively uneventful meeting in July 2020. Also, today the United States jobless claims will be released.
The Turkish Central Bank will release the official rate, which is expected to remain unchanged. Other measures might be imposed to tighten liquidity.
European Key Point
- The United States jobless claims will be released.
- The Turkish Central Bank will release the official rate.
The NZD/JPY pair is trading within the cloud. A failed attempt to move higher will push the market to exit the Kumo, confirming a bearish scenario.
The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
The New Zealand dollar is rising for the sixth straight day, outperforming its major peers. What is the reason? Let’s find out!
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!