The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
Dollar keeps slightly softer as risk on returns
2020-10-28 • Updated
Ichimoku Kinko Hyo
GBP/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 moves below 38.2% retracement level. It seems that silver minimized earlier losses and is ready to move higher.
EU Market View
Asian equity markets resumed the weak performance seen across global peers which culminated in Wall St’s worst day in over a month. US congressional committees have reportedly made some progress, but not enough to make a stimulus deal anywhere near imminent, according to sources. Looking ahead, highlights from the macroeconomic calendar include US Durable Goods, Consumer Confidence, BoE’s Haldane, ECB’s Centeno speech.
EU Key Point
- RBA's Bullock supports that the financial system is in a good position to support the economy
- China says will take necessary measures to uphold its security interests, following US arms sale to Taiwan
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy