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.
Traders Focusing on NFP
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.
Fibonacci Levels
XAU/USD: Gold makes another full retracement. It seems that each pullback for gold is a buying opportunity.
European Market View
Asian equity markets failed to sustain the positive tone from Wall Street where all major indices notched gains as technology sector outperformed for another day. Looking ahead, highlights from macroeconomic calendar include German Trade Balance, US and Canadian Labour Market Reports and Fed's Rosengren speech.
European Key Point
- Germany June industrial production comes at +8.9% vs +8.2% m/m than expected.
- Trump signs executive order to address threat of WeChat.
- Germany reports 1,147 new coronavirus cases in latest update today.
Similar
Oil near $130 is a nightmare for inflation
Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite rising prices.
Analysts Lower Forecasts for S&P500
Due to geopolitical news, commodity prices have become insane, as it was expected…
Popular
What to trade on May 16-20?
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Swiss Franc is About To Reverse
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
China Shatters World Economy
A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!
Choose your payment system
