Dollar keeps slightly softer as risk on returns

Dollar keeps slightly softer as risk on returns

2020-10-28 • Updated

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EURUSDM30.png

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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.

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Fibonacci Levels

 XAU/USD: Gold moves below 38.2% retracement level. It seems that silver minimized earlier losses and is ready to move higher.

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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

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