Bullish Euphoria for US Equities

Bullish Euphoria for US Equities

2020-08-13 • Updated

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Ichimoku Kinko Hyo

CHF/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.

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Fibonacci Levels

XAU/USD: Gold is trading on the key point of 38.2% retracement. It seems that a correction is still taking place.

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US Market View

US stocks are set to open marginally lower Thursday, consolidating after strong gains the previous session, with investors cautious ahead of key unemployment data and with US policymakers still at loggerheads over the size and scope of the next fiscal stimulus bill.

US Key Point

  • Trump supports that Dollar will be even stronger if he is reelected.
  • Dollar continues to be weaker on the session.

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When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.

Latest news

AUD: Markets Prepare for RBA Rates Statement.
AUD: Markets Prepare for RBA Rates Statement.

The Reserve Bank of Australia (RBA) is widely anticipated to maintain its current interest rates at 4.35% following its two-day meeting concluding on Tuesday. Despite holding rates steady since December, the RBA has hinted at the possibility of further rate hikes due to persistently high inflation, which has exceeded its target range of 2% to 3%.

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