With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines.
Daily Market Analysis
EUR/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Global markets again went their separate ways, with the Japanese, Korean and Chinese markets all falling heavily while European ones rose. Oil prices rebounded overnight as a degree of stability returned to risk assets.
GBP/CAD keeps falling to the downside amid fears over the no-Brexit deal. According to JPMorgan, the pair will continue dipping throughout the whole of September.
The rout in tech stocks in the US over the last day has been a stiff test of nerve for European markets but one to which they appear to be equal, at least for now.
2020 has proved that the market can crash without warning. Whether the market falls or not, some stocks always remain interesting for investors.
EUR/USD is supported around 1.1750. However, the pair has already fallen below the summer support line. We’ll view buy trades only when the pair returns above 1.1800.
Asian equity markets were lower across the board amid strong headwinds from Wall Street where the tech rout intensified on return from the long weekend.
Gold continues to stand below the 23.6% retracement area. Bears gain strength.
Is the British Pound likely to crush the long-term resistance against the 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.
Such credible banks as Bank of America and Citigroup made extremely bullish forecasts from $3 000 to $5 000. It’s hard to imagine right now, but let’s discuss why it may become true.