Cable Extends Fall to Fresh Two-Month Low

Cable Extends Fall to Fresh Two-Month Low

2020-09-23 • Updated

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Ichimoku Kinko Hyo

CAD/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 plunges below $1900 and it seems that bears have the absolute control of the market now.

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EU Market View

Asian equity markets traded mixed and failed to take full impetus from the rebound across their global peers. Looking ahead, highlights from the macroeconomic calendar include Eurozone, UK, and US Flash PMIs, Fed's Powell, Kashkari, Mester, Quarles, Evans, Rosengren, Bostic and Daly speeches.

EU Key Point

  • UK's Raab supports that virus restrictions are serious, proportionate
  • BOJ's Kuroda: Fed's thinking is like the BOJ
  • ECB's Mersch supports that It is obvious that the exchange rate has had effects on inflation

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