USD Regains Strenght

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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.

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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.

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