Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
US Economy crushed by COVID-19 lockdowns in Q2
Information is not investment advice
Ichimoku Kinko Hyo
EUR/JPY: After successfully breached the Kijun-Sen, the pair is trading above the Kumo confirming a bullish momentum.
XAU/USD: Gold is trading above the 23.6% retracement area of Fibonacci retracement levels. Bulls might attempt to reach the next resistance level at 38.2%.
US Market View
US Economy crushed by COVID-19 lockdowns in 2nd quarter
In the United States, the economy was contracted by (worst-ever) 32.9% in the second quarter in 2020, crushed by COVID-19 lockdowns in 2nd quarter.
US stock futures drop on Thursday after grim GDP report, worsening jobless claims.
The Labor Department data released the number of people filed for unemployment benefits in the past week. The figure exceeded one million.
US Key Point
- US economy contracted by worst-ever 32.9%
- US jobless claims top 1 million again
Ichimoku Kinko Hyo CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud…
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is now trading within the cloud…
The stock market has reversed, and now it’s going lower and lower…
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