European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington
Choppy Markets in US Session
2020-09-15 • Updated
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.
XAU/USD: Gold has made a full retracement and it seems that bullish trend remains strong.
US Market View
China’s economy continued its rebound from the coronavirus pandemic, with a round of key data for August all coming in above expectations. U.S. stock markets are indicated to open higher, extending Monday’s sharp gains, supported by conviction that the growth narrative underpinning tech stocks is still intact, and that the market’s technicals seem healthy.
US Key Point
- Ray Dalio's Bridgeater is down 18.6% in the Pure Alpha II fund this year
- Canada July manufacturing sales comes at +7.0% vs +9.0% expected
- US Empire manufacturing index for September comes at 17 .0 vs. 6.8 estimate
USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
BoA released the report with the bullish forecast for the S&P 500 and shared its technical analysis. Let's discuss it in detail.
EUR/USD has violated the first resistance trendline area 1.1680