USD Regains Strenght
Read the article on FBS website
Fibonacci Levels
XAU/USD: Gold finds a support on 38.2%. retracement area. It seems that each pullback for gold continues to be a buying opportunity.
European Market View
Asian equity markets eventually traded mostly higher on what was an indecisive start to the week amid holiday-thinned conditions. Looking ahead, highlights from macroeconomic calendar include EZ Sentiment Index and Fed’s Evans speech who is a Fed non-voter. Rise in US-China tensions (WeChat specifically) sends US dollar higher.
European Key Point
- US says Chinese hackers targeting election infrastructure in the lead up to the presidential election.
- US imposes sanctions on Hong Kong chief executive Carrie Lam.