Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
US Dollar Losses Further Strength on Positive Chinese Data
Information is not investment advice
Ichimoku Kinko Hyo
USD/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
XAG/USD: Silver has achieved a retracement and the outlook continues to seem bullish for today.
EU Market View
Asian equity markets were somewhat mixed as the region only partially sustained the momentum from the firm US handover. Looking ahead, highlights from macroeconomic calendar include UK Labour Market report, German ZEW survey, US NY Fed and Industrial Production, weekly Private Inventory Crude Stocks and ECB's Panetta speech.
EU Key Point
- Equity futures pivot higher heading into European session
- US Dollar breaking down through 93.00 on positive Chinese data
- US COVID cases increase by +36K to 6.57mln
Michael Eliades
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Equity futures sank on Friday morning
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now testing the Tenkan Sen level…
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
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