Risk Off Returns Strong
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Ichimoku Kinko Hyo
GBP/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.
Fibonacci Levels
XAU/USD: Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.
EU Market View
EU Chief Brexit negotiator Barnier and his UK counterpart Frost have extended discussions in London until Wednesday. Looking ahead, highlights from the macroeconomic calendar include German IFO, US New Home Sales, New Zealand Trade Balance, Chinese Communist Party Key Meeting (26th – 29th), SNB’s Jordan speech.
EU Key Point
- China says to sanction Boeing Defense, Lockheed Martin over Taiwan arms sale
- French government scientific advisor supports that there are 100 000 new coronavirus cases a day in France