European Equities Open Lower

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Ichimoku Kinko Hyo

EUR/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.

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Fibonacci Levels

XAU/USD: Gold stands above 61.8% retracement area and seems that sellers return powerful.

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EU Market View

Treasury Secretary Mnuchin, after speaking with House Speaker Pelosi, said stimulus talks are still far apart and it is difficult to get anything done before the election but will keep trying. Looking ahead highlights from macroeconomic calendar include US Import/Export Prices, Initial Jobless Claims and Philadelphia Fed Manufacturing Index, European Council Summit, ECB's Lagarde, Fed's Kaplan, Kashkari and Quarles, BoE's Cunliffe, supply from Spain, France and US, OPEC+ JTC Meeting, earnings from Morgan Stanley

EU Key Point

  • China says will take countermeasures if the US insists on sanctions to banks over Hong Kong crackdown
  • AUD/USD slumps to fresh session low on softer risk mood, key support levels in focus

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