Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD strengths but for how long?
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
XAG/USD: Silver is consolidating above 23.6% retracement area and price action remains weak.
EU Market View
Asian equity markets traded mixed with cautious gains in the major regional bourses after the tech-rebound on Wall St. and better than expected Chinese trade data. Fed's Brainard said she expects Fed's current pace of asset purchases to remain appropriate for quite some time. Looking ahead, highlights from the macroeconomic calendar include ECB minutes, US weekly jobs data, OPEC, President-elect Biden is to unveil his stimulus package, Fed's Powell, Rosengren, Bostic, Kaplan speeches.
EU Key Point
- Germany reports deadliest day of the pandemic with 1,244 deaths in latest update today
- World Health Organization team has arrived in Wuhan to probe into the origins of the coronavirus
- China's President Xi has asked Starbucks' Schultz to help promote US-China cooperation
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?