Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
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
The pair is testing the key pivot level at 74.40
The US-Chinese relationship has been tense amid Trump’s governance, but if Biden wins, the situation may change. Let’s find out what it means for the Chinese yuan.
One US dollar buys almost eights Turkish liras now. May it be sixteen in another couple of years? Check the article to see why that is a possibility.